The major tasks for economic and social development in 2016, as confirmed by the Central Economic Work Conference in the end of 2015 include cutting overcapacity and excess inventory, deleveraging, reducing costs and strengthening points of weakness.

ANBOUND Consulting is of the view that in light of the need for steady economic growth, instead of focusing solely on cutting overcapacity, deleveraging and reducing cost, China's economic policy is switching towards a balanced approach by taking into consideration the need to strengthen points of weakness.

The implementation of this policy coupled with the changes to the governmental resources will result in greater allocations of economic resources.