Chinese economy continued slowing down in 2015, and the growth will be moderating in 2016. In the shadow of the global business cycle and China’s real estate cycle, Chinese economy will face severe headwinds in 2016. Meanwhile, a lot of new industries and new growth engines have been fostered in Chinese economy, making it a mixture of stagnancy and flourishing. The basis of next round rapid growth is being built in the process of deepening adjustment. In the face of two main kinds of economic risks in 2016, high attention must be paid to the following issues: the reshaping of the incentive system. The recovery of the real estate market, the evolvement of the world economy, and the re-orientation of the macro economic policy. The bottom of Chinese economy is expected to appear in the second half in 2016, and steadily rebound in late 2017. Returning to the rapid growth track.