China's change to a new model of growth, now called the 'new normal', was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the...

The phrase 'New Normal' captures the ongoing shift in the pattern and drivers of China's economic growth. China's new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic partners....

This paper reviews the extraordinary reduction of poverty in China over the past 40 years. It records the key economic and poverty-specific reforms that fueled the rapid growth that enabled more than 800 million people to exit extreme poverty and documents a chronology increasingly targeted...