"It’s official: China’s “high-speed” growth days are over. It’s now settling in to a more sedate “medium to high speed”. So says Premier Li Keqiang at the World Economic Forum in Dalian, China. What does that mean, exactly? Well, Mr. Li appears to believe that the current pace of growth at around 7.5% will be the new normal. That’s down from double-digit expansion in most of the past 30 years." (Quoted from article)