Since the beginning of this year, President Xi Jinping has repeatedly highlighted supply-side structural reform as the nation"s key task. And judging from the public’s reaction, many government officials and a number of the scholars still do not have clear understanding or complete understanding on this subject matter. Having considered the current policies and the changes in China’s economy over the past few years, Chen Gong, ANBOUND’s chief researcher has reached the conclusion that China is now on the eve of a critical turning point and the light of down could be seen. The most noteworthy trend in China’s economy is the transformation of consumption. Consumption is no doubt the new driving force of China’s economic growth. China has more than 1.3 billion population and consumption will no doubt be the driving force for continuous economic growth. The future of China’s economy depends on consumption. If you do not seize the opportunities presented by consumption, then you have yet to grasp the fundamental of China’s economy.
