世纪之交，中国经济运行也已走到了转折的路口。从一些经济指标看，中国经济仍未走出谷底，由于国内投资增长率大幅下降及其它因素，经济运行似有继续下滑征兆。而从另一些指标看：国有企业效益开始好转；工业品产销率在上升，库存在下降；８月份以来出口额大幅增长；出口形势 At the turn of the century, China’s economic operation has reached a turning point. From a number of economic indicators, China’s economy has yet to bottom out. Due to the sharp drop in the growth rate of domestic investment and other factors, the economy seems likely to continue to decline. However, from other indicators, the benefits of state-owned enterprises have started to turn for the better; the sales and production rates of industrial products have been on the rise and the stocks are on the decline; the export volume has risen sharply since August; the export situation