China's Economy 2015: Reform and Rebalancing to Sustain Growth under the “New Normal”

John Wong
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John Wong: The East Asian Institute, National University of Singapore, Singapore

East Asian Policy (EAP), 2015, vol. 07, issue 01, 27-36

Abstract: Having chalked up double-digit rates of growth for more than three decades, China's economy has in recent years slowed down, with only 7.4% growth for 2014. Growth for 2015 may further moderate to be just about seven per cent. President Xi Jinping has embraced a low growth threshold as the “New Normal” as what is most crucial for Xi is whether the economy is on track to rebalance and reform.

Date: 2015
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DOI: 10.1142/S1793930515000033

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