Recently, China's central bank announced to comprehensively cut the reserves rate, which might release more than 600 billion yuan to support the capital market. However, ANBOUND research team warns that the measure means China's economy will face unexpected downward pressure and underperform in the beginning of 2015. Around the globe, many of the major economies except America have eased monetary policies in the beginning of 2015. In this regard, the central bank’s announcement will further pressure the capital flight and RMB depreciation.