In the first half of 2004, the general price level of the service industry has grown by only a small margin.

Along with the rapid development in security investment foundations, the related-party transactions in security investment are also expanding, which is a connection between the foundations and related interest groups.

Since April 2004, increases in investment, supply and demand of real estate have both slowed down and macro-control measures have produced initial results.

Investment growth rate has fallen to a normal level. However the basis for a steady economic growth remains untenable.

An analytical framework of public services is composed of four parts: the range, the supply, the operation, and the incentive mechanism.

Based on an analysis of the non-effective transmission of the monetary policy over the past few years, the author cited some factors affecting the effective transmission role of the monetary policy in China.

The economic development is on an upward circle. There is piling-up pressure on upgrading the supply structure.