After 30 years of high-speed growth, the Chinese economy is due for correction. In China, real-term GDP grew at an average of 8.4% per year from 2007 to 2017. However, GDP growth is projected to slow to 6.6% in 2018, 6.3% in 2019, 6.0% in 2020, and 5.9% in 2021. The big problems include non-performing assets - including excessive production capacity and non-competitive companies - and significant environmental pollution. The manufacturing industry struggled for the last five years with excessive competition, mainly based on low-price strategies and expanding capacity. To restructure the supply side, the