During the transition from industrialization to urbanization，Chinese economy is faced with the market of vertical & horizontal fragmentation and shortage of human capital caused by the institutional factors，which become the main obstacles constraining its sustainable growth. As the year 2015 and 13th Five-Year Plan getting critical for China’s “new normal” and new transformation，a main shock of the Chinese economy is on the way，which is rooted in the structural slowdown to its growth by the redu <<