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The first pandemic of the 21st century has brought Pyrrhic attention to one of the era's greatest megatrends - population ageing. Today rich countries are disproportionately affected but increasingly the world's elderly are residents of developing countries. In rich and poor countries alike, a...
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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...
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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....
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