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For many years, Chinese leaders embraced international investments and exports to energy China’s economic system. Now, with the world in recession and U.S.-China tensions deepening, President Xi Jinping is laying out a significant initiative to speed up China’s shift towards extra reliance on its home economic system.
The new coverage is gaining urgency as Chinese firms, together with Huawei Technologies Co. and Bytedance Ltd., face growing resistance in international markets, Chinese officers say.
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