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Since the second half of 2014, China's economic growth has witnessed a growing downward pressure.

China witnessed entry into the late stage development of industrialization around 2012, which is in line with the economic performance under the state of new normal.

Since the outbreak of international financial crisis, the world economy has entered a period of profound adjustments.

The United States, as a federal state, adopts different ways of releasing the comprehensive annual financial report for various states.

Economic restructuring is a major issue concerning the development of China in a long time to come and also an issue of high concern for the central government.

Since August 2014, China's economy has witnessed an increasing downward pressure for economic development.

The old paradigm of state-owned enterprise (SOE) reform is an ownership reform which is reactive and passive by nature.

Data released by various economic sectors in the first half of 2015 indicate that China's economy is gradually picking up.