The international dimension to China's Dual Circulation Strategy can be summarized as the use of the country's domestic savings pool to achieve its geopolitical goals by economic means. This is unlikely to go unchallenged by market economies, and the global trading system will likely suffer further stress as the politicization of every aspect of international economic engagement deepens.
The digital economy accounts for 25 percent of global GDP today and as much as 50 percent of value creation going forward. To maximize the digital economy’s potential, policymakers must adopt effective rules and norms to facilitate trade in digital goods and enable the free flow of data, as GTIPA-member reports in this category explore.