Secondly, this dual circulation approach will also see China extending its international opening-up possibly based on a proposed national digital currency and the standards of the digital economy. Taking a historical perspective: although Xi Jinping might follow Deng Xiaoping's strategy of opening up, this time it will be based on China's principles and regulations, rather than those that originated from the Western-led liberal world order, as was the case in the past. Please download the CAA Paper here.
