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China’s New Normal and America’s Old Habits
China is generating a lot of confusion nowadays, both at home, where senior officials now tout the economy’s “new normal,” and abroad, exemplified by America’s embrace of Cold War-style tactics to contain China’s rise. On both counts, the disconnects are striking, adding a new dimension of risk to the impact of the “China factor” on a fragile world. The official view in China is that its economy has already arrived in the Promised Land of the “new normal.” Indeed, that was the theme of the just-concluded China Development Forum (CDF) – an important platform for debate among China’s senior ... (full story)