Before the lecture, Professor LIU Lingling and company visited the Singapore Museum of Urban Planning, which gave them a better understanding of the major events that happened over the past 40 years in Singaporean history and the current economic situation in Singapore. At the lecture, starting from explaining the goal and challenges of China’s economic development during the Twelfth Five-year Plan period, Professor LIU Lingling fully analyzed the primary indicators of socioeconomic development as well as opportunities and challenges China may come across during this period. In addition, a comparative analysis was also made with the Singapore economy. Professor Liu pointed out that the widespread inflation in China was caused by rising domestic asset prices and imported from abroad. Inflation was further strengthened by a series of factors such as adjustment of domestic labor cost and the prices of resources like water, electricity, coal, oil and gas. The key to solving the problem, according to Professor Liu, was to keep the balance between supply and demand and to rearrange the industrial structure. Chinese economy should have an orderly transition from being stimulated by government policies to endogenous growth.