Global business cycle conversion is forcing China into regenerating its economic transformation process which was protracted by the 4 trillion yuan worth stimulus. From ANBOUND's point of view, there is still a huge space and opportunity for China to upgrade its industry given that the relationship between government and market are properly managed. The government should push forward an optimized symbiotic relationship within the industry, intra-industry as well as between industry and the financial sector. The government should not become an obstacle in industrial development.