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In a China that is rebalancing toward a healthier economic model, the key metric is not the growth rate of GDP. It's household income that matters.
Chinese leaders are less concerned about growth moderating in the short term and are more focused on long-term reforms.
Lessons from other successful developing countries suggest that China’s path to growth may involve continued imbalances and require policy reforms that are often misunderstood.
Overinvestment in China is creating debt problems, an experience that is similar to other historical investment-led growth miracles.
Further fiscal stimulus might create growth in the short term, but would be harmful for China in the future.
China is giving more consideration to the possibility of joining the Trans-Pacific Partnership.
The United States and China need to define an affirmative economic agenda to strengthen their relationship and move their economies forward.
China’s entry into the negotiations for the Trans-Pacific Partnership would further Beijing’s strategic interests, harmonize the TPP and RCEP deals, and safeguard Asia’s regional economic infrastructure.
Seven percent is a reasonable GDP growth rate for the Chinese economy that will also give give room for the Chinese central government to enact institutional reform.
China’s economy is at a turning point, shifting from growth driven by exports and investment toward growth based on household spending. Low growth is China’s new normal.