ANBOUND research team holds that the various problems encountered by China's economy in the first half of this year are superficially caused by economic transformation and economic restructuring, but de facto reflect the insufficiency of marketization reform. Overall, the economy in the latter half of this year might be mildly recovering; monetary policies would not be greatly loosened, but the "microstimulation" policies aimed at stabilizing growth would maintain their dynamics; price index would rise slightly, but not sufficiently to trigger inflation concern. However, it will not be possible to obviously improve the survival and development environment for the real economy in a short run.