While there are recovering signs in some macro data of China's economy, various indicators in power consumption, energy consumption level as well as financing data show that China’s economy lacks the growth momentum. In the past, China didn’t conduct enough market reform, and the development environment for private enterprises has been quite poor. Only by conducting great progress in marketization reform and prosperous development being made in private enterprises, can China’s economy be endowed vitality. However, there will be a long way before we can see any effect of reform, and there are still no immediate solutions to the down-ward pressure of China’s economy. Thus on the whole, China’s economy in the second half of the year is not promising.