Abstract:The economic development of China has already entered a critical period, which is to transform the development mode and adjust the industrial structure. Because of the complex situation, the serious difficulties in reform, and the very tough tasks in this period, it has been regarded as a hard time of reform. At present, in China, we can see this trend that the traditional extensive economic competitiveness decreased continuously, and we can also see an obvious economic downturn there. We still worry about the unoptimistic international environment. Due to the enormous pressure to maintain social stability, we’re in a dilemma for promoting growth, adjusting structure and increasing income. Notice that, mechanism innovation is becoming an important concern in such a case. Based on Xi Jinping’s enlightenment of “comprehensive operational research” strategic thinking method, “driving innovation with deepening reform” practical method, such as the mechanism of macro-control and rigorous supervision, the public mechanism of the environment evaluation for a new investment project, the motivating mechanism that is to stimulate vitality for business innovation, the evaluation mechanism for the impact of economic policy and industrial restructuring on employment, and the restricting and linking mechanism of the major economic indicators, have become key points of mechanism innovation during that hard time of reform.