The long term trend of China's economy can be divided into three phrases. The first phase is rapid economic growth that exceeded 10%, however this phrase already ended. The second phase is moderate economic growth rate between 7% and 8%. This phrase is forecasted to last for 10 years and China’s economy is currently at second phase. Third phase will be slower economic growth rate between 4% and 6%. Third phase is predicted to last for 10 years and the main focus would be on solving the issue of lacking social safety net.