This book offers a comprehensive and forward‑looking examination of China’s strategic shift toward “dual circulation,” revealing the emerging trends and structural challenges that define this transition. It argues that the reform and reconstruction of China’s macro resource allocation system—long shaped by an export‑oriented growth model—has become essential for aligning the national economy with the demands of a more internally driven development pattern. Drawing on in‑depth analysis across fiscal, monetary, financial, industrial, agricultural, labor, and consumption dimensions, the volume provides critical insights into how China can restore growth to its potential rate, reduce financing costs for the real economy, strengthen employment‑first policies, and ensure a smooth strategic transformation. With contributions from leading experts, this book serves as an indispensable guide for scholars, policymakers, and global readers seeking to understand the mechanisms, opportunities, and long‑term implications of China’s evolving development strategy.

Xuesong Li, Director and Researcher of the Institute of Quantitative Economics and Technological Economics of the Chinese Academy of Social Sciences, Director of the Macroeconomic Research Think Tank of the Chinese Academy of Social Sciences, President of the Chinese Quantitative Economics Society, decision-making advisory committee member or specially-appointed expert of the Ministry of Industry and Information Technology, Zhejiang Provincial Committee, Shandong Provincial Government. His main research areas are macroeconomics, quantitative economics, economic development strategies, etc.