Following the opening remarks, Mansfield Freeman Professor LI Daokui, Chair of the Department of Finance and Director of the Center for China in the World Economy reflected on some of his latest observations on China’s macro-economy. In 2012, the Chinese economic policy featured stable and steady development. The PMI index has enjoyed a 3-month consecutive growth, along with China’s increasing domestic consumption and shrinking foreign trade surplus, indicating that China’s economic restructuring has been taking place. However, the mid and long term factors of Chinese economic growth have remained urbanization, consumption and infrastructure construction.