The data released by the central bank show that social financing in July stood at 273.1 billion yuan, plunging 1.69 trillion yuan from June and down by 546 billion yuan from a year earlier. ANBOUND research team suggests that we should pay high attention to the abnormality of the July financial data. Besides inadequate efficient demand caused by the recession of the real estate industry, the overall weakness in China's economy is worthy of high vigilance, which is likely to be the truth of the country’s economy of this year.