About the "new normality." Zhang Xiaoczin, Lee Yang

The book explores the concept of “new normality” in relation to the economic realities of China in the first half of the 2010s. A specific, positive interpretation of the “new normality”, different from adopted in Western economic science and journalism, is introduced. The authors critically explore the current state of the Chinese economy and its possible prospects, offering a special understanding of the “new normality” as a “constructive slowdown” that characterizes the fundamentally new stage of China’s economic development.

The publication is intended for specialists and students studying the economy, as well as for everyone interested in modern China.