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A Preliminary Study on the New Normal of China's EconomyHistorical Significance and Features of China’s Economic New Normal

A Preliminary Study on the New Normal of China's Economy: Historical Significance and Features of... [After thirty-eight years of rapid growth since introduction of the reform and opening-up policy, China’s economy has entered a new development stage. This is especially true after the global financial crisis. With no more miraculous double-digit growth, China’s economic growth is slowing down. China is still facing strategic opportunities for economic development, and the overall trend in its economic growth remains unchanged. But China’s economy has entered a “new normal” characterized by slowdown in growth rate, adjustment of structure, and shift of growth engines. Understanding the new normal, adapting to the new normal and guiding the new normal are not only topics for thorough analysis and study, but more importantly, major tasks in the present and future stages of China’s economic development.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Preliminary Study on the New Normal of China's EconomyHistorical Significance and Features of China’s Economic New Normal

Part of the Research Series on the Chinese Dream and China’s Development Path Book Series
Wang, Jun
Springer Journals — Oct 2, 2021
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19 pages

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Publisher
Springer Singapore
Copyright
© Social Sciences Academic Press 2021
ISBN
978-981-16-5335-3
Pages
1 –20
DOI
10.1007/978-981-16-5336-0_1
Publisher site
See Chapter on Publisher Site

Abstract

[After thirty-eight years of rapid growth since introduction of the reform and opening-up policy, China’s economy has entered a new development stage. This is especially true after the global financial crisis. With no more miraculous double-digit growth, China’s economic growth is slowing down. China is still facing strategic opportunities for economic development, and the overall trend in its economic growth remains unchanged. But China’s economy has entered a “new normal” characterized by slowdown in growth rate, adjustment of structure, and shift of growth engines. Understanding the new normal, adapting to the new normal and guiding the new normal are not only topics for thorough analysis and study, but more importantly, major tasks in the present and future stages of China’s economic development.]

Published: Oct 2, 2021

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