While China has managed a fast economic recovery after the pandemic, Beijing has laid out plans for its future economic policies that signal an inward turn. For instance, the Fourteenth Five-year Plan talks about a new model of ‘dual circulation’, which means that the country will reduce its reliance on foreign markets. But are inward-looking policies economically viable for China – a country that has prospered greatly on the back of structural economic reforms that gradually opened the country up to foreign competition? What is China trying to achieve with policies that seem to encourage self-sufficiency?
In this episode Fredrik Erixon and Joerg Wuttke have a conversation about the direction of China’s market-access policy.
Joerg Wuttke is a leading expert on China who frequently appears in international media. He is the President of the European Union Chamber of Commerce in China – an organization of 1,700 member companies that recently released its annual flagship paper on China’s economic policies and market-access problems that are confronting European companies.
This episode was recorded as a live webinar. Click here to watch this conversation on YouTube.