The anticipation of a weak growth of China's economy in the third quarter and the continuously sluggish international economic situations have prompted an anticipation of across-the-board RRR cuts and interest rate cuts in China. But ANBOUND research team thinks that this might have wrongly examined the determination of the central government to promote reforms. The release of the third quarter data and the Central Economic Working Conference which will be held at the end of the year, will serve as important windows to observe some possible changes in future macro policies. When conducting the reform and stimulus, the central government needs to release more explicit signals through practical actions.