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Effect of 'new normal' expected to be hot topic

By Chen Jia | China Daily | Updated: 2015-02-26 07:25

Annual sessions of the National People's Congress and National Committee of the Chinese People's Political Consultative Conference

The Chinese business press likes to talk about the economy's "new normal", while the true picture of the economy is not normal at all, according to economic experts.

In fact, the country's economy is at its most critical moment since the 2008 global financial crisis. To undertake intended reforms, the experts say, a slowdown in GDP growth is needed. At the same time, for reforms to succeed or at least to avoid problems the country also needs to maintain a certain growth rate.

Effect of 'new normal' expected to be hot topic

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