Easing tech bottlenecks vital for development of 'dual-circulation'
Improving fundamental industrial capabilities and removing technology bottlenecks are crucial for achieving high-quality growth under China's new "dual-circulation" development pattern, a senior economist said.
Jiang Xiaojuan, head of the School of Public Policy and Management at Tsinghua University and former deputy secretary-general of the State Council, said to realize the new pattern of dual-circulation, it is necessary to better match supply and demand in the national economic cycle.
More efforts are needed to further supply-side structural reforms, develop a modern economic system and improve the efficiency of resource allocation, so as to continuously expand the domestic economic circulation, Jiang said.