In recent years, the growth in virtual economy is increasingly common in China.

In this context, ANBOUND's research team analyzed China’s economy and the quality of its growth from three dimensions, the economic growth in real and virtual economy respectively, the growth in secondary and tertiary industry and the comparison between bank credit growth and M2 growth.

ANBOUND’s research team is of the view that the growth in real economy is far behind the bank credit growth and the credit expansion has resulted in mass influx of capital into the financial market, the bubbling of China’s economy at the lower level is inevitable and this is China’s characteristic in this era of excess capital.

The focus of the China’s future macroeconomic policy and industrial policy is to improve the environment for the development of real economy, open up the financing channels for real economy and strengthen the industrial base of China’s economy while improving the quality of China’s economic growth.