Anbound Chief Researcher Chan Kung said that China's economy is now in a "crisis triangle" of "over-urbanization, excess capital and economic crisis." Among these, "excess capital" is a key link and a theoretical framework that explains a number of international and domestic financial market issues. In this regard, Chan Kung suggested, on the one hand, a large number of investments in consumption sector while reducing part of the excess capital. On the other hand, a large number of different types of bond should be issued to expand the bond market to reduce the remaining excess capital. This will achieve stable growth, stabilize Renminbi exchange rate and reduce excess capital.