The article analyzes the changes in the internal and external environments that China’s economic development is facing in the short, medium and long term, provides a basis for the formulation of a new development pattern based on the domestic macrocycle, and proposes to adhere to a higher level of opening up to the outside world to promote the development of the “double cycle”, establish a high level of open economic system, and give full play to the advantage of the domestic market to provide institutional safeguards for opening up the blockages of the domestic macrocycle and enhancing the capacity for independent innovation.
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