Factors Affecting China's "New Normal" Economic Growth

Abstract

China’s economy from a high speed to smooth, i.e. the “new normal†has been widely recognized. At this stage, the urgent need of developing countries is economic take-off or development start-up. However, "dual structure" in the economy creates a barrier to economic growth. This paper expounds the characteristics and driving force of economic growth from the perspective of economic theory. And then, we combine economic data to derive the structure factor in economic growth and combine the current situation to conclude the challenge for the economic growth under the new normal. Finally, we draw the conclusions.