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来自宏观经济的驱动力——经济增长速度预计在8.5%以上。宏观经济的强劲增长将成为支持2004年股市最重要力量。来自国际化的驱动力——2004年世界主要经济体经济增长形势乐观,预计世界经济的增长率在4%以上,美国经济增长率预计高达5.7%。受益于经济的良好表现,股市走势看好。来自核心资产的驱动力——中国A股市场上核心资产的平均市盈率与美国市场基本相当,而从成长性来看,这些行业在美国的成长性很有限,但在中国还有很大的发展空间。这表明,即使是假设非流通股的价格按市场价格计算,这些股票也是具有投资价值的。
The driving force from the macroeconomy - the rate of economic growth is expected to be above 8.5%. Strong macroeconomic growth will be the most important force behind the 2004 stock market. From the Driving Force of Internationalization - In 2004, the economic growth in the world’s major economies was optimistic. The global economic growth rate is expected to be above 4%. The U.S. economic growth rate is expected to reach as high as 5.7%. Benefit from the good performance of the economy, the stock market bullish. Driving Force from Core Assets - The average P / E ratio of core assets in China’s A-share market is basically the same as that of the U.S. market. However, in terms of growth, the growth of these industries in the United States is limited, but there is still great development in China space. This shows that even assuming the price of non-tradable shares at market prices, these shares are also of investment value.