Dual Circulation Development Pattern: its Influence on China’s Export-oriented Enterprises & their Transformation Paths

Yixuan Ding

doi:10.54691/bcpbm.v20i.1010

Authors

Yixuan Ding

DOI:

https://doi.org/10.54691/bcpbm.v20i.1010

Keywords:

Dual Circulation; Export-Oriented Enterprises; Transformation

Abstract

In the face of an external environment characterized by rising protectionism, a global economic downturn, and a shrinking international market, our Chinese government has proposed the Dual Circulation Development Pattern in late 2020. The dual circulation pattern will bring China's export-oriented enterprises both opportunities and challenges. What role should those export-oriented enterprises play, and how to deal with it. This paper put forwards that those export-oriented enterprises must accelerate the transformation from the following aspects, which include innovating the operating models, improving the innovation capabilities, strengthening the brand building, developing the diverse markets, adhering to the green development, and strengthening risk early warning.

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