In Praise of China’s New Normal

China’s economy is, at long last, undergoing a rebalancing, with growth rates having declined from more than 10% before 2008 to roughly 7.5% today. If this is China’s "new normal," it would still be the envy of the rest of the world.

BEIJING – China’s economy is, at long last, undergoing a rebalancing, with growth rates having declined from more than 10% before 2008 to roughly 7.5% today. Is this China’s “new normal,” or should the country anticipate even slower growth in the coming decade?

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