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In 2015, the Quality of Urban Life Research Centre under National Institute for Economic Experimentation (NIEE) continued with its telephone survey of residents’ subjective satisfaction toward the Quality of Life (QOL) in 35 cities around China, besides the calculation of their respective objective QOL indexes. It is the fifth annual tracking survey which involved more than 200 staff members and took over 2 months to complete. Related subjective satisfaction indexes and objective indexes were obtained through investigation and calculation. As is shown in the survey, the subjective satisfaction indexes have again improved slightly, while the objective indexes have somewhat dropped due to the economic downturn. Results of the special surveys indicate that the expectation of house price appreciation (HPA) has fallen dramatically in all the cities. Air quality has remained the most influential factor of QOL, followed by food safety, commodity prices and transportation. Besides, the Era of “Internet+” has come. From the residents’ point of view, the Internet has influenced not only their ways of communication, but also their ways of shopping, obtaining services and managing money. It can therefore be concluded that during the “new normal” phase, the economic growth of China has slowed down. Although the objective indexes of the 35 cities have somewhat dropped, the corresponding subjective indexes have improved. It means that our citizens are confident about the future development of China, and that the series of growth-stabilizing and life-improving policies of the Central Government have become more specific and effective this year. At the same time, however, we still face challenges, such as the problems of living costs, air quality, food safety and pace of life, which are hindering the further improvement of urban life quality.