(Excerpts from “A Historic Leap Toward the Great Rejuvenation of the Chinese Nation” by CPC Leadership Group of the National Development and Reform Commission, Qiushi Journal, No. 05, 2021)
构建新发展格局
Fostering a new development dynamic
构建以国内大循环为主体、国内国际双循环相互促进得新发展格局，是适应华夏经济发展阶段变化得主动选择，是充分发挥华夏超大规模经济体优势得内在要求，是把握未来发展主动权得战略性布局和先手棋。要以国内大循环为主体，深化供给侧结构性改革，加快打造国内大市场，把实施扩大内需战略同深化供给侧结构性改革有机结合起来，推动高质量供给引领和创造新需求，实现供需良性互动，在更高水平上实现供需结构得动态平衡。促进国内国际双循环，发挥比较优势，协同推进强大国内市场和贸易强国建设，进一步扩大市场准入，在更高水平上引进外资。
Fostering a new development dynamic dominated by the flows of the domestic economy while ensuring that domestic and international flows are mutually reinforcing is about making an active choice to adapt to the changes in China’s current stage of economic development. This is a necessary move for bringing the strengths of China’s massive economy to bear, and a strategic and proactive step for taking the initiative in development. With the flows of the domestic economy in the main role, we must continue supply-side structural reform and move more quickly to boost the domestic market by stimulating domestic demands while at the same time ensuring effective integration between these efforts. We must also drive and create new demand through high-quality supply, promote positive interplay between supply and demand, and achieve a better dynamic balance in the structure of supply and demand. Meanwhile, we must promote dual domestic and international flows by leveraging our relative strengths, coordinating efforts to bring about a robust domestic market and turn China into a trading powerhouse, opening up market access further, and drawing in foreign capital at a higher level.
《求是》英文版
