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China’s Export Machine Looks Inward as Global Risks Rise

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YIWU, China—Chinese makers of goods for export are seeking to turn inwards and sell domestically, a pivot considered key to making the world’s second-largest economy more self-sufficient.

In recent weeks, Chinese President Xi Jinping has called for the country to embrace what he calls domestic circulation—a policy designed to bolster local supply chains and encourage domestic consumption to make China more resilient to future commercial or geopolitical disruption, such as the coronavirus pandemic and the U.S.-China trade war.

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