China has experienced ups and downs throughout the year of 2013. Although the 12th "Five Year Plan" is now halfway to its end, but the new leadership and the governing blueprint for the next five or ten years have just started. China's economic situation and policies in 2014 are closely related to its political cycle as well as domestic and external economic environment. In general, ANBOUND research team holds an optimistic expectation towards the economic outlook. Actually, the accurate growth forecast is less important compared to the changes that resulted from the reform. We believe that the future changes are constructive “revolutions” rather than ordinary reform.