On the “new normal”

The book explores the concept of the “new normal” in the context of China’s economic realities in the first half of the 2010s. It introduces a distinctive, positive interpretation of the “new normal” that differs from the one commonly accepted in Western economic scholarship and journalism. The authors critically examine the current state of the Chinese economy and its potential prospects, offering a unique understanding of the “new normal” as “constructive slowdown,” characterizing a fundamentally new phase in China’s economic development. The publication is intended for specialists and students studying economics, as well as for anyone interested in contemporary China.