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若以稍长期的眼光来看,中国股市因宏观经济周期、微观企业盈利、技术趋势决定三因素已渐趋具备了大牛势行情的先决条件,05年则是大牛势的初期阶段。
If we take a slightly longer-term perspective, the Chinese stock market has gradually become a prerequisite for the bull market because of the macroeconomic cycle, the profitability of micro-enterprises and the technological trend. The year 2005 is the initial stage of the bull market.