Yes, China has called this 'dual circulation'... --- ...a fancy term to say that it will pay more attention to the domestic market, not just foreign trade....But behind the words, China still depends greatly on foreign trade and FDI....Consider, XJP is engaged in a vast PR campaign to prove his credentials for a Lifetime Presidentship, in the face of the pandemic, the massive and rising income disparity and a host of other problems....Till today, China has no Property Tax -- so the rich buy multiple apartments as capital assets for rapid price growth through housing inflation....Now they are talking about this Tax. I admire much that China has done, but don't buy into all they say....

Source author: Kishan S Rana kishanrana@gmail.com