China has been one of the biggest economic players in the last few decades and their growth has been astonishing. Since the pandemic, many have pushed the narrative that China's astonishing growth may be coming to an end. It is possible that they have come to the end of their transition from agriculture to industry. The Lewis Model that China has been following for some time now must eventually come to and end, and that end may be nearing.
Many of the largest companies in China have taken hard hits during the pandemic. With so many ups and downs with different Covid variants that have gone around, many countries are only seeking some kind of stability in the market. That is what China is hoping to achieve with its new economic policies which will be rolled out throughout the beginning of the new year. Instead of focusing on growth, which they have been throughout the last decade or so, China will be pushing for economic stability in an attempt to achieve a new normal. All of this was claimed throughout the Chinese Communist Party's most recent economic reports, and the question here is whether or not China can re-grasp the growth that they have seen in the past.
Link:https://www.bloomberg.com/news/articles/2021-12-10/china-emphasizes-economic-stability-in-plans-for-next-year
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