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China Daily / 2020-09 / 23 / Page013

Easing tech bottlenecks vital for development of 'dual-circulation'

By MA SI | CHINA DAILY | Updated: 2020-09-23 00:00

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.

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