Explainer: How China's new development pattern boosts opening-up, global growth

"Dual circulation," the new development pattern that China adopted in 2020, takes the domestic market as the mainstay while allowing domestic and foreign markets to reinforce each other.

BEIJING, Aug. 10 (Xinhua) -- Since China adopted the new development pattern of "dual circulation" in 2020, there have been speculations that China is "turning inward."

Such speculations are simply a misinterpretation of the new development pattern, which takes the domestic market as the mainstay while allowing domestic and foreign markets to reinforce each other.

In no way should "dual circulation" be interpreted as a closed domestic loop.

To help the readers get a fuller picture of China's new development pattern, the article provides information regarding its birth, possible contributions to the country's further opening-up, and potential opportunities it is expected to bring to the world.