Preface/Tang Shouning Accounting Distortion, Structural Deflation and, Institutional Drawbacks:Macro-economic Analysis/macroeconomic research group of CASS Review/Mao Yushi Review/Wang Dingding Theoretical Framework for the Research in Financial Stability/Yu Yongding Review/Li Daokui Stability of Open Economy and Order of Economic Liberalism/Li yang , et al Review/Mao Yushi Theoretical Considerations in Institutional Choices of Financial supervision/Lu Lei Review/Sheng shuguang The Essence of Public Ownership/Zhou Qiren Review/Zhang Shuguang Internal Factors That Decide Proportions of State-owned Economies/Ping Xinqiao Review/Mao Yushi Dynamic Process of System Transition:Development of Non-state-owned Sector and Reform of State―owned Sector/Fan Gang Review/Wang Xiaolu Similarities and Dissimilarities of Regional Economic Growth Across China/Cai Fang , et al . Review/Wang Xiaolu Property Distribution of Urban Residents in China/Li Shi . et a1. Review/Zhang Ping Sexual Discrimination in Land Distribution in Rural China/Zhu Ling Review/Zhang Ping Inefficiency of Foreign Enterprises Enjoying Preferential Tax/Zuo Dapei Review/Yang Churxue Long-term Fluctuation Trend of International Cotton Price and Its Cyclicity/Lu Feng Review /Zhang Yuyan Population Age Structure,Pension System and Optimal Saving Rate/Yuan Zhigang .et a1. Review/Mao Yushi Innovation and Theoretical Explanation of the Ownership of Groundwater Irrigation System/Wang Jinxia .et a1. Review/LinYifu Formation Mechanism of Competitive Price/Li Shaorong Review/Mao Yushi Review/Zhou Qiren Economic Description of “Concentration Ability”/Wang Dingding Review/Zhou Qiren