Core Viewpoint - The recent meeting of the State Council emphasizes the importance of strengthening the domestic circulation, particularly focusing on the self-sufficiency and completeness of the industrial and supply chains, which is essential for enhancing the resilience of industrial development [1][2]. Group 1: Importance of Self-Sufficient Supply Chains - A self-sufficient industrial and supply chain ensures stable supply of raw materials, equipment, and technology, mitigating risks of production disruptions [2]. - The stability of the supply chain is crucial for providing diverse and high-quality products, which in turn stimulates consumer spending [2]. - Self-sufficient supply chains facilitate the deep integration of industrial and innovation chains, enhancing the adaptability of the supply system to domestic demand [2]. Group 2: Focus on Key Areas - The goal of self-sufficiency is not to achieve complete self-reliance but to ensure control over critical areas such as chip manufacturing, basic software, and high-end equipment [2][3]. - The emphasis is on mastering core technologies through innovation and industrial upgrades to maintain supply even in extreme external conditions [2][3]. Group 3: Global Cooperation and Specialization - Equating self-sufficiency with isolation is a misunderstanding of global industrial development; true self-sufficiency involves enhancing core competitiveness within a global cooperative framework [3]. - Utilizing regional advantages and promoting specialized division of labor and inter-regional collaboration are vital for achieving self-sufficient supply chains [3]. Group 4: Continuous Improvement of Supply Chains - Continuous efforts to supplement, strengthen, and expand the supply chain are essential for enhancing self-sufficiency [4]. - Supplementing focuses on addressing weaknesses in the industrial chain to reduce reliance on foreign imports [4]. - Strengthening involves enhancing the competitiveness of existing industries and promoting their transformation towards high-end, intelligent, and green development [4]. - Expanding aims to cultivate emerging industries and broaden the industrial chain to create new economic growth points [4].

Core Viewpoint - The State Council emphasizes the importance of strengthening the domestic circulation to enhance economic stability and competitiveness in the face of global uncertainties [1][2] Group 1: Key Aspects of Strengthening Domestic Circulation - The focus on efficient allocation of resources and factors, aiming to eliminate local protectionism and market segmentation, while promoting a unified national market [2][3] - The integration of technological and industrial innovation, with an emphasis on tackling key core technologies and promoting the industrial application of scientific achievements [2][4] - The need for a self-sufficient and complete industrial and supply chain, enhancing regional cooperation and specialization to improve resilience in industrial development [2][4] Group 2: Economic Policy and Market Dynamics - The dynamic balance between supply and demand is crucial, with policies aimed at boosting consumption and addressing consumption shortfalls to lead industrial upgrades [2][5] - The importance of a smooth economic circulation, which includes breaking down market barriers and reducing institutional transaction costs to facilitate resource allocation [5] - The role of leading enterprises in driving collaboration among small and medium-sized enterprises to enhance the overall stability and competitiveness of the industrial chain [4][5]

Core Viewpoint - The emphasis is on strengthening the domestic circulation as a strategic move to promote stable and sustainable economic growth, aligning with Xi Jinping's economic thought and the decisions of the Central Committee [2][3]. Group 1: Domestic Circulation Strategy - The focus is on enhancing domestic demand and internal circulation as unique advantages of a large economy, aiming to counter uncertainties in international circulation [3]. - The strategy involves four key aspects: efficient allocation of resources, deep integration of technological and industrial innovation, self-sufficiency in industrial and supply chains, and dynamic balance between supply and demand [3]. Group 2: Economic Support Measures - There is a call to address key issues and weaknesses that restrict economic circulation, including support for foreign trade enterprises and stabilizing employment, particularly for graduates and migrant workers [4]. - Efforts to boost consumption include upgrading major consumption sectors and stimulating service consumption, alongside expanding effective investment and promoting private investment [4]. - The importance of fostering local development highlights the need for technological innovation and brand creation based on regional resources [4].