At the same time, restricted by the external market, domestic effective demand was insufficient, and the development of consumption, investment and exports showed a trend towards imbalance, leading to inadequate economic development momentum.
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The characteristics of the new dual-cycle development pattern and systemic financial risk based on TVP-SVAR and MS-VAR model analyses.
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The sentences
The new dual-cycle development pattern and financial risk In the complex and changeable financial market environment, the linkages between markets and risk contagion are becoming increasingly close [ 27 ], the financial debt and risk impact effects of various countries are showing an increasing trend, and China's economic domestic cycle is being squeezed by the international cycle of the global economy, which is unfavourable to the stability and sustainable development of China's economy and finance [ 28 ].
Third, this study is highly significant.