China has been a market economy for several decades now, and there has been a very big difference in the degree of advancement of the market economy in various sectors. According to the research team at ANBOUND, the biggest problem facing the development of China's market economy is the fact that a robust and prosperous private economic group has not been developed! Without a prosperous private economy, how can a market economy prosper? A market economy must be based upon the solid foundation that is a strong private economy. Only then can it provide the nation’s economy with adequate resources and support.