As the world economy declines and the COVID-19 epidemic continues to spread, the international political and economic situation is increasingly uncertain and unstable.Theoretical logic and historical experience tell us that it is not only an inevitable trend, but also an inherent requirement for China's sustainable economic development to construct a new pattern of domestic and international double-cycle development with domestic cycle as the main body and linkage cycle, active cycle and dynamic cycle as the emphasis. Based on the national strategy, we will make use of the advantages of China's super-large market and multi-level consumer market to create the internal market power of double cycles.With independent innovation at the core and manufacturing as a new competitive advantage, we should create a double-cycle supporting role for industries and create a high level dynamic balance between higher quality supply and more dynamic domestic demand.

Xuesong Dai. Understanding of China's "Double Cycle" Strategic Development in the New Era. Academic Journal of Business & Management (2021) Vol. 3, Issue 6: 88-90. https://doi.org/10.25236/AJBM.2021.030613.

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