Indeed, the annual growth rate, which has been lingering at about 7.5% since 2012, is predicted to fall to 7% this year – and is likely to go lower. This is China’s “new normal,” characterized, according to China’s leaders, by “medium-to-high-speed” (instead of high-speed) growth.
上海—两位数的经济增长已经一去不返了。事实上，中国年经济增长率自2012年以来一直徘徊在7.5%左右，今年预计将下降到7%，并且有可能继续降低。这是中国的“新常态”，用中国领导人的话说，其特征是“中高速”（而不是高速）增长。但也许“中高速”也有些乐观了。