Friday, December 12, 2014
"New Normal" Means a Major Orbital Transfer of Economic Secular Trend Line
ANBOUND
China's highlight of its economic "new normal" means its determination to get more growth from innovation and quality. ANBOUND's contributing economist Zhong Wei suggests to explain the formation of new trendline under the "new normal" by the methodology of Solow Residual. In general, under the "new normal", a new trendline needs to be reestablished for those statistics that we were used to, and priorities of statistics should be rearranged. However, it seems that we are still not mentally ready for this data's major orbital transfer.