By Lee
1. Whether it should be called “New Normal” or not? Fan Gang , Director of China's National Economic Research Institute, refutes to use the phrase of “New Normal” to describe the current China’s economy. He emphasizes that we mistakenly treat the former double digit growth rate as “Normal”, but regard the low to moderate level growth rate as “New Normal”. According to his observation, all years in which 10% growth rate is reached also simultaneously have over heated economic situation, it is not a normal growth rate; Presently, the growth rate of 7%-8% annually is just back to the “Normal” track, it means China’s economy is out of over-heated economic stage.
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AuthorI witness my living society, from birth to death.This is my whole life. Archives
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