South China Morning Post (May 26) said Chinese President Xi Jinping told dozens of top economic advisers in Beijing over the weekend that China was pursuing a new development plan in which "domestic circulation plays the dominant role". Xinhua News Agency reported Xi Jinping as saying “For the future, we must treat domestic demand as the starting point and foothold as we accelerate the building of a complete domestic consumption system, and greatly promote innovation in science, technology and other areas". It quoted analysts as saying developing its domestic market reflects a strategic shift by Beijing to prepare for the “worst case scenario” after the coronavirus pandemic. The South China Morning post added Xi Jinping’s remarks suggest that Beijing is moving towards giving up the “great international circulation” strategy adopted in the 1990s that helped fuel its growth to become the world’s second-largest economy.