Is this the new normal Xi Jinping promised the Chinese people? Yes and no.

Investors, consumers and homeowners — and just about everyone in China — are making adjustments to what appears to be a “new normal” of slow growth for an economy that had been white-hot for decades. Chengdu homeowner Zhong Weiyi, 58, worries whether his shrinking home value and pension will support the golden years he once envisioned.The mass of Chinese youth who cannot find jobs — over 20% by most estimates — is more and more reducing their discretionary spe