Despite of a rapid growth in macro-economy, China has revealed a falling trend in its microeconomic growth. ANBOUND research team believes that industry developing, especially to the manufacturing field, still plays a fundamental role in current China's economic development. Facing a dilemma, Chinese government should tackle and solve the problem of industrial decline with an unprecedentedly serious attitude. Without the real economy, China’s present virtual economy and asset bubble will be bound to be a prompt collapse.