China's export growth has slowed, making foreign demand a far less critical engine of growth. Photo: AFP

China's 'new normal' of slower growth is to be welcomed

Yao Yang says the rate will remain robust over next decade amid rebalancing

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China's export growth has slowed, making foreign demand a far less critical engine of growth. Photo: AFP
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Yao Yang

Yao Yang

Yao Yang is professor and dean at the National School of Development and director of the China Centre for Economic Research, Peking University. Copyright: Project Syndicate