Liu Erhai, Founding and Managing Partner of Joy Capital, said that four driving forces are shaping China's new economy. First, society, including culture / art, urbanization, consumption upgrade, aging, new generation, etc. Second, industries include improving infrastructure, deregulation, industrial development and industrial upgrading. Third, technology, including mobile Internet, AIoT / cloud, big data, blockchain, AR / VR, etc. Fourth, the model includes sharing economy, crowdfunding, chain operation / IP operation, etc.