The recent data on the fourth quarter of last year showed that China's economic growth has been slowing down. ANBOUND's visiting economist Zhong Wei highlighted that economic slowdown is not the fundamental problem. The real issue is whether the government, market and monopolies are willing to provide space and tolerate new innovation. Mr. Zhong believes the old system that hinder innovation is the worth worrying. If there is no system transformation, then China's economy might fundamentally lose its strength and ability to revive after the slowdown.