China’s economic buzzwords explained, from ‘common prosperity’ to ‘dual circulation’

Published Sep 12 2021 at 12:15 PM GMT
  • China is writing a new chapter in its development strategy, and its using a host of terms that do not appear in mainstream macroeconomic textbooks.
  • Here are some of the buzzwords on the lips of the nation’s leaders.
  • 1 Cross-cyclical adjustmentThe term refers to policy actions across business cycles and first appeared in a July statement from the Politburo, the 25-member decision-making body headed by President Xi Jinping.
  • It marks a shift from countercyclical policies, which are direct fiscal….



  • Published Sep 12, 2021 12:15 PM GMT