This timely volume on Chinas economic New Normal features articles by leading scholars from the Chinese Academy of Social Sciences and other research institutions across the country. A broad range of perennial as well as hot-bottom topics related not just to economic growth but also to its social and political ramifications are covered, including patterns of growth, income distribution, domestic consumption, the global economic dynamics, and policy responses to these and other developments. Contributors not only combine theoretical and empirical analyses of these critical issues but also examine the historical background and the social context to what may be one of the most significant developments not just for China but also for the rest of the world.

Fang Cai, Ph.D. in economics, is Vice President of Chinese Academy of Social Sciences (CASS), and has  been a visiting scholar at many  universities around the world. He served as  Director of the Institute of Population and Labor Economics at CASS between 1998 and 2014. Cai is also a delegate to the 18th National Congress of the Communist Party of China, the 12th National Peoples Congress, and a standing committee member of both the National Peoples Congress and Agriculture and Rural Affairs Committee.

Chapter 1  Taking the New Normal  as New Challenges.- Chapter 2  Understanding and Adapting to the New Normal.- Chapter 3  The Upcoming New Normal.- Chapter 4  The Prospect of Global Economy under the New Normal.- Chapter 5  The New Normal of Chinese Economy and Global Competition Reform.- Chapter 6  The Structure Adjustment in the Phase of New Normal.- Chapter 7  The New Normal of Chinese Economy and the Governance of Economic Slowdown.- Chapter 8  Will the Middle Income Trap appear in China?.- Chapter 9  What is a Middle Income Trap?.- Chapter 10  The Emphasis of Active Changes of the Economic Structure .- Chapter 11  The Production Rate of Chinas Economy in the Phase of New Normal.- Chapter 12  The Changes of  and Decisive Factors for Income Gaps in Recent China.- Chapter 13  The Forecast and Analysis of Changes of Labors Share of Income in China.- Chapter 14  Distribution System Reform and Consumption Growth Promotion.- Chapter 15  Income Distribution and Economic Transition.- Chapter 16  Potential Economic Growth Rate.