The IMF blog focuses here on the evidence that China is already well down the pathway towards a re-balancing of their economy in order to improve the quality of their growth and make their development progress more durable and equitable.

I like the idea that re-balancing itself has several dimension - this granularity goes down well with senior examiners looking to reward students who have a strong contextual knowledge applied expertly to the specific question set in the exam.

To quote:

"“Rebalancing” refers to the structural transformation that should put this economy on a more even keel, making its voyage more balanced, its growth more sustainable. This economic transformation has four inter-related dimensions: external, internal, environmental, and distributional."