A spate of weak July economic data, recently released by the National Bureau of Statistics shows that the outlook for China's economy is not as good as anticipated by market.

The research team at ANBOUND Consulting suggests that the July economic data is less than ideal becausde this is the inevitable pain that China must undergo during the supply-font reform, especially given that China is currently undergoing the process of cutting overcapacity and deleveraging. Therefore, China’s central bank will not consider RRR and interest cut lightly.

In the future, the key tasks of China’s government is to strike a right balance between promoting steady economic growth and promoting the nation’s transformation.

One the one hand, China should advance the reform; on the other hand, China should prevent the occurrence of the systemic economic risk.

Overall, China's economy is unlikely to suffer a hard landing.