With the slowdown in Chinese economic growth and the decline in the manufacturing industry, the issue of "de-industrialization" again becomes an attention in China.

HSBC recently released a study showing that China's premature "deindustrialization" is worrying.

ANBOUND’s research team suggests that as a big economy, China needs to maintain a complete and balanced industrial structure, its macro-economic policy and industrial policy should be balanced as well.

While premature "deindustrialization" is undesirable, it would be wrong to inhibit the development of the service sector as well.

Maintaining the balance of the industrial structure, stable economic growth, focusing on both domestic and international markets, promoting industrial upgrade and renovation should be the balanced goal of China’s economic policy.