by high level officials within the ccp
According to a report from bbc some experts on china believe the emphasis on quote domestic cycle
Shows that xi jinping is quote preparing for a return
To economic nationalism and economic isolation whose main market is domestic demand
Now in a previous symposium held with dozens of entrepreneurs in late
july xi jinping said he hopes that entrepreneurs would combine the development of enterprises with the
Prosperity of the country the prosperity of the nation and the happiness of the people and to also quote take the initiative
to serve the country share the worries for the country and increase
Patriotism in other words again. He's suggesting that china needs a
Nationalistic economy does appear to be the case with also internal circulation of cash
And the context of thisis important as the u.s. Trend trade war continues to intensify
The trump administration has hinted at a possible financial decoupling
If china doesn't follow the rules on the trade deal this could mostly lock the ccp out of the international market out of global trade
Since most international trade is done in the us dollars and cleared to the u.s financial system
And this has been something the chinese communist party officials have been talking about very heavily
If china was forced to financially decouple from the dollar
foreign companies that conduct business in china would take a huge blow at least they say
There's been heavy discussion
also within chinese news outlets on this possibility
This might explain again why xi jinping is stressing the quote domestic cycle at this point
In combination with the ccp's