By Li Jianwei　

Date: 2003/06/04

Abstract：

At present, China's economic performance is as follows: the short-term fluctuation of stock investment is in the period of expansion, the short- and mid-term fluctuation of fixed asset investment growth is in the period of expansion, the mid-term fluctuation of industrial structure upgrading is in the period of recession and its mid- and long-term fluctuation is in the period of recovery. Corresponding to the features of the cyclical changes of these economic activities, the growth of China GDP at present is as follows: the short-term fluctuation is in the period of expansion, the mid-term fluctuation is in the period of recovery and the mid- and long-term fluctuation is at the bottom. China's economy has entered the period for a new round of rapid growth and there will be no large-scale fluctuation in the short run. Therefore, the government should adopt a neutral macro-economic policy.