By 2015, a quarter of China's economic growth rate of 7%, not only significantly lower than the growth rate of 7.4% last year and 1.3% QoQ growth also hit a record low since the data, the generating capacity, real estate new construction data and railway traffic volume growth inconsistent. The official explanation of this is "three period" (growth rate shift period, structural adjustment pains period and early period stimulation policy digestion period). Shao Yu believes that the three major fault zone in the course of China's economic evolution is a global fault, growth fault and reform fault.

Resource:http://fddi.fudan.edu.cn/index.php?c=research&a=show&rid=432