Deutsche Bank forecasted that China's economic growth will continue the momentum of the second half of 2013 and the growth rate will rise to 8.6% in 2014. However, in the view of ANBOUND research team, the forecast is rather over optimistic. The growth rate of 8.6% is neither realistic nor necessary. Although the short term impact of Federal Reserve’s QE withdrawal is not huge but the impact is inevitable in the long term. China’s capital outflow may affect the tense situation of domestic capital demand, thus increase the volatility of RMB exchange rate and domestic interest rate.