Tag "new normal"

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Asia Pacific Economics

Beijing favours quality growth over quantity

China’s economic slowdown is a realignment of Beijing’s economic policies, which favours quality economic growth over high quantity growth. In late 2014, the first statistics appeared indicating that China’s economy was slowing

Asia Pacific Economics

China struggles to sustain GDP growth

Chinese economic growth has been high for years, but China’s economic forecasters and politicians have accepted that growth will even out. Chinese President Xi Jinping calls it the “new normal.”