NEW POLICIES, NEW NORMAL
Macroeconomic policy framework orients the course of China’s growth By Li Wei
China’s macroeconomic management.
Since the 18th CPC National Congress, the CPC Central Committee with Xi Jinping at the core has tackled these challenges through innovation in macroeconomic management methods. The central leadership has defined the new growth phase as an economic “new normal” that features a slowing growth rate, an improving economic structure and a shift of growth engines. It has created a macroeconomic policy framework with a new development concept as the guideline, supply-side structural reform as its central theme, and seeking progress while maintaining stability as the methodology.