Holding the record for the highest and longest growth period in the world after WWII, the Chinese economy now shifts gears and adjusts to an industrial structure that aims at spiral increase.

The growth rate of the Chinese economy has slowed down from 2012 to the first three quarters of 2016. [Photo / People's Daily]

Besides the speed of growth, China is challenged by:

[Photo / People's Daily / CRIENGLISH.com]

Under this background, President Xi Jinping came up with the concept of the 'New Normal', which is the present logic of China's economic development now and into the future.

[Photo / People's Daily / CRIENGLISH.com]

Economic transformation is the result of object laws rather than human will. China will move to a more sophisticated economic pattern with a finer division of labor and a more reasonable structure (People's Daily).

Further insights into the 'New Normal' are expected at the annual economic meeting by the Communist Party and the State Council held this month.