1. Economic Analysis and Forecast of China—2014 Autumn Report

Due to the fact that China’s economy was in a stage superimposed with “Growth rate’s shift period, structural adjustment’s pain period, previous stimulative policy’s digestion period”, China’s economic structural reduction had a certain necessity, complexity and rationality. The release of the reform’s dividend will also probably take some time. China’s economy was expected to grow by about 7.3% in 2014, a drop of 0.4% points over the previous year, continuously remaining in a reasonable range of economic growth. China’s GDP was expected to grow by about 7% in 2015. Against the “new normal” background, we need to promote a stable and balanced development of the domestic demand, increase investments in the areas of research and development, the high-end manufacturing industry, the modern service industry, ecological environmental protection, infrastructure, etc., and optimize the investment structure. we also need to promote reasonably rigid and improved housing needs of our residents, increase investments in basic social security, and promote consumption by residents.