What is “New Normal” of China’s Economy?

Over the past two decades, China’s growth paradigm characterized by investment and driven by exports has run out of steam. A major feature of China’s current economy is over-capacity, especially in the real estate sector. An increase in domestic consumption and infrastructure investment will help continue growth, but the biggest challenge facing China in 2015 is the high corporate debt ratio.



Yu Yongding, Former President, China Society of World Economics via CHINA US Focus http://ift.tt/1yuink7