Yao Yang — 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.

China no longer playing catch-up?

Project Syndicate
In Praise of China’s New Normal
Yao Yang | Dean of the National School of Development and Director of the China Center for Economic Research at Peking University