Xiconomics : What China's Dual Circulation Strategy Means for Global Business.

Cover -- Half Title -- Series Information -- Title Page -- Copyright Page -- Contents -- Preface -- Introduction -- An overview of the book -- Part I Dual Circulation Strategy and Xiconomics -- 1 What is Dual Circulation Strategy? -- Understanding Dual Circulation on three different levels -- Level 1: Dual Circulation Strategy as a framework -- Level 2: putting the "Strategy" into Dual Circulation Strategy -- Level 3: from "grand strategy" to policy specifics and the transience of slogans -- 2 Dual Circulation: more continuity than change -- Make the foreign serve China: Dual Circulation in historical perspective -- Distinguishing between the internal and the external -- Managing the external to benefit the internal -- The need for self-reliance -- Self-reliance in practice: different meanings -- Reform and opening up in a globalizing world -- 3 Xiconomics and the China policy puzzle -- The China policy puzzle -- Jigsaw piece 1: the Communist Party of China and Xi Jinping's leadership -- Jigsaw piece 2: the Great Rejuvenation of the Chinese people after the Century of Humiliation -- Jigsaw piece 3: the new principal contradiction - "meeting the people's ever-growing needs for a better life" and Common Prosperity -- Jigsaw piece 4: moving from a "time of strategic opportunity" to "great changes, unseen in a century" -- Jigsaw piece 5: national security - the securitization of everything -- Jigsaw piece 6: the Belt and Road Initiative and beyond -- Putting the puzzle together -- 4 Putting the "Xi" into Xiconomics -- Xi's priorities for Dual Circulation Strategy -- Xi and Common Prosperity -- Putting speeches in context -- Part II Three questions for global business -- 5 How will China's internal business environment develop? -- Two considerations for the business environment -- The outlook for growth fundamentals.

Dual Circulation as a new model for economic growth -- Consumption, not investment -- Technology as enabler of productivity growth -- The national unified market -- The role of business in internal circulation -- More than "just business" - but how much more? -- Future prospects for business -- 6 What role will China play in the world of external circulation? -- China's new role in external circulation -- Choosing where and how to deploy limited resources -- Three (economic) priorities for China -- Reducing reliance on the United States: the "problem" of the US dollar -- Staking out positions in technology standards and governance -- Maintaining and shaping a central position in trading networks -- Strengthening China's "discourse power": a fourth priority? -- 7 How will the internal and the external connect? -- The view from China -- For China, the internal can strengthen the external … -- … the external should strengthen the internal -- The view from outside China -- "Conditional connectivity" rather than "mutual reinforcement" -- Part III Implications for global business -- 8 Multinationals and China -- How multinational business developed in China -- The importance of China and multinational business to one another -- Four strategies for China -- Dual Circulation in a time of turbulence -- 9 How Dual Circulation changes the game -- A shifting, tilting playing field - not a level one -- Localizers need to localize more - or take the consequences -- A clear shape to the localization model -- Localization plus -- Exporters need to look again at becoming Localizers -- Sourcers need to become Diversifiers and Upgraders -- Sourcers become Diversifiers -- Sourcers become Upgraders -- Separators need to uncover hidden opportunities and risks -- 10 Ambidexterity and connectivity -- Ambidexterity -- Ambidexterity and connectivity.

The limits of ambidexterity -- 11 Resilience and agility in the face of uncertainty -- Uncertainty in China: nothing new, but very different -- The key uncertainty -- Resilience and agility in Chinese business -- Uncertainty on how China's international relations affect business -- Addressing uncertainty through resilience -- Agility at the global level -- Having an exit plan -- Conclusion: navigating the contradictions in China's ambitions -- Two contradictions -- Scenarios for the future -- Summing it up for business -- Despite these uncertainties, several common observations hold -- Notes -- Index.

This concise and incisive analysis unpicks the likely practical implications for the international community of China's announced reorientation of its economy towards protecting its domestic market.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.