Chinese authorities have in recent months promoted a “new normal” of slower growth than in the past three decades of mostly double-digit expansion. And the official focus now emphasizes quality over quantity in the search for more sustainable development.

Beijing has promised to restructure the economy by boosting domestic consumption and reducing its reliance on both government investment and State-owned heavy industry. Earlier this week, (Premier) Li admitted the transition will be tough.

-- USA Today on April 15