The latest research, published by the Institute of Economic Research of the Chinese Academy of Social Sciences, shows that China's economy is growing at a range of 6.4%-7.9% for 2013-2018 years. The "Macroeconomic Blue Book: China economic growth report (2012-2013)" issued by it was published on the same day. According to the blue book, China is at a critical moment of steady growth, structural adjustment and reform. It is estimated that the annual economic growth rate is 7.6% and the price level is stable at 2.5%. The blue book says that some trends will inevitably lead to a "structural slowdown". These trends include: the demographic transition will directly reduce the growth rate of industrial structure; the service, if you can not effectively promote the third industry labor productivity, but also directly will reduce labor productivity; the rate of more than 57% city investment rate, the low efficiency of investment, coupled with the slowdown on the growth of the capital stock will also reduce the rate of economic growth. In addition, as economic growth and labor supply slowdown, factor allocation will tend to be more labor elements, which will lead to the increase of labor factor distribution share, which means that the growth rate of potential growth will decline.