 Given the weak growth of the global economy, China cannot stay unaffected, and the deep-seated problems that have built up over the years are also being exposed. China is now in a transition from traditional drivers to new drivers, from an extensive model of growth in the manufacturing sector to an intensive model of growth, and from over-reliance on investment to a growth model driven by consumption and investment. This is going to be a painful and a treacherous process, so ups and downs in economic performance is hardly avoidable.