NEW POLI­CIES, NEW NOR­MAL

Macroe­co­nomic pol­icy frame­work ori­ents the course of China’s growth By Li Wei

Beijing Review - - 19th Cpc National Congress -

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.

The frame­work

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