Andrew Cainey has advised businesses and governments on China for over twenty years. He is a senior associate fellow at the Royal United Services Institute; a founding director of the UK National Committee on China; and an advisory board member for Lumen Capital Investors, a Singapore-based multi-family office. Christiane Prange is a Professor of Strategy and International Business with universities in Europe and globally. She previously taught at Tongji University and Jiaotong University (Antai College) in China. She also advises multinational companies on their internationalization and agile strategies.

• IntroductionPart I Dual circulation strategy and Xiconomics1. What is dual circulation strategy?2. Dual circulation: more continuity than change3. Xiconomics and the China Policy puzzle4. Putting the Xi into XiconomicsPart II Three questions for global business5. How will China’s internal business environment develop?6. What role will China play in the world of external circulation?7. Internal and external: separate or connected?Part III Implications for global business8. Multinationals and China9. How dual circulation changes the game10. Ambidexterity and connectivity11 Resilience and agility in the face of uncertainty12. Conclusion: navigating the contradictions in China’s ambitions

The authors provide a succinct picture of what it means to do business in China today. They provide an in-depth analysis of the intertwined historical, political and economic environment that managers must face up to and highlight the strategy options open to multinational companies. A must-read for everyone who seeks a nuanced understanding of China’s multifaceted business landscape beyond simplistic business headlines.