China's central economic working conference held during December 9th to 11th has thrown cold water on the market’s expectation on the introduction of stimulus package. According to ANBOUND’s research, the central government’s judgment on the economy is neutral, reflects the government’s carefulness and precaution. Stable growth will still be the economic priority of next year. Considering 2015 is the final year of "the Twelfth Five-year Plan", the implementation of China’s macro economic policy is supposed to be aggressive. Along with the materialization of the economic “new normal”, the local officials will face great challenge in the future.