China-US Relationship Hinges On Changing Internal, External Forces

'Dual Circulation' To Focus on Domestic Market

10 Nov 2020

Given the ongoing election challenges in the US, China has yet to officially congratulate Joe Biden as the next US president, although many world leaders are already hailing a reset in US foreign policy. Many are wondering if this and other moves indicate a quiet internal shift for China's high tech and life sciences sectors, just days after Beijing concluded a high-level plenary meeting outlining its priorities for the next five years.

Flags of China and USA fly against blue sky — INTERNAL, EXTERNAL FACTORS TO AFFECT US-CHINA RELATIONS? • Source: Shutterstock

On 29 October, China’s Politburo, the grouping of top communist party officials, concluded the fifth Plenary Session of the 19th Central Committee and issued the next national Five-Year Plan, the fourteenth for the country, this time covering the 2021-25 period.

Prior to the meeting, many observers were already wondering whether China is becoming more inward-looking, after the central government began...