Background: The shrinkage of working age population at ages between 15 and 59 after 2010 will end the era of the high-speed economic growth in China. This paper is intended to explore the ways of tackling this slowdown. Methods: By revealing annual growth rate of potential output to drop to 7.2...

As China passes through its Lewis turning point characterized first by the appearance of a labor shortage and a constant increase in wages, its labor market shows both features of the dual economy and neoclassical growth. This paper first depicts the trend of population as a root cause of the...

Chapter 1 Taking the New Normal as New Challenges -- Chapter 2 Understanding and Adapting to the New Normal -- Chapter 3 The Upcoming New Normal -- Chapter 4 The Prospect of Global Economy under the New Normal -- Chapter 5 The New Normal of Chinese Economy and Global Competition Reform --...