Tuesday, October 28, 2014
Chinese Economy Is Changing From Weak to New Normal
ANBOUND
New Normal has become the core word when describing the current and future status of China. However, ANBOUND's visiting economist Zhong Wei highlights that instead of being in the phase of New Normal, Chinese economy is currently in the changing process from weak to New Normal. ANBOUND research team believes that the so-called New Normal of Chinese economy is actually a slowdown process of Chinese economy while improving efficiency and quality. In the next 30 years, the growth rate of Chinese economy will gradually slow down from 7% to 6% and from 6% to 5%. Up to now, China has been on this path for 2 years.