TOKYO — Instead of slowing down, the Chinese economy has entered into a period of stabilization where growth will be sustained by trade with the Global South, according to Denis Depoux, a global managing director at German consultancy Roland Berger.

“I would say this is finished, the golden years — the party is over,” Depoux told Nikkei in a recent interview. But he was quick to add that “I would not say ‘slowdown,'” but “‘stabilization.'”