China is changing again, with a big nudge from the top. The central government is already in the second year of its latest five-year economic plan, which seeks to “rebalance” the economy so that growth follows a more sustainable path. This calls for relying less on exports and investment and more on domestic consumption driven by expansion of the middle class. The reform is aimed at ensuring economic stability, but one consequence is a slowing of growth. The government’s target for GDP growth in 2015 is 7.0%, down from last year’s 7.4%.