Embracing China’s “New Normal”.
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Cites background from "Embracing China’s “New Normal”."
...Clearly realising this trend, the new Chinese leadership since 2012 has started actively promoting the concept of “new normal” so as to remind the public as well as the outside world that “growth the old way” is no longer feasible.(32) All these indicators are also highly illustrative of the over-accumulation problem highlighted by Harvey, which happens when the surplus capitalists have available to them cannot find an outlet, whether through breaking the labour constraints, resource constraints or technology constraints....
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90 citations
Cites background from "Embracing China’s “New Normal”."
...Chinese policymakers have signaled a shift in economic policy, aiming to take the heat out of rapid growth and reliance on commodity imports, with a rebalancing toward boosting technology sectors and addressing environmental sustainability issues (Angang, 2015)....
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