Recently there have been media quoting an anonymous Central Economic Think Tank member saying that the high-level leaders have reached the consensus that only through breaking the anxiety of the bottom line of 6.5% growth in single-quarter (though the overall annual growth should maintain at 6.5%) that the targets of cutting overcapacity and de-leveraging can be completed for the smooth progress of reform.

ANBOUND's research team believes that what this Central Economic Think Tank member said shows that the focus of the Central Government’s economic work is moving towards effectively promoting supply-side structural reforms, which will greatly improve market expectations, and release more reform dividend to mitigate reform pains.

The Central Government will not allow the economy falling drastically, and will definitely prevent the economy from reaching the bottom line of overall, systemic risk. The government will handle the relations between reform, growth and risk carefully.