2005年上半年,中国国内生产总值67422亿元, 同比增长9.5%,比去年同期略低0.2个百分点。同时,投资、出口、消费增长也仍保持相对较好的势头。就在这样的背景之下,国内出现了对中国宏观经济形势的争议。我们认为,尽管GDP增长率仍然维持在强劲水平,但增长动力已然改观,中国经济处于未 In the first half of 2005, China's GDP was 67.4222 trillion yuan, an increase of 9.5% over the same period of last year and a slight decrease of 0.2 percentage points over the same period of last year. In the meantime, investment, exports and consumption growth also maintained relatively good momentum. It is against this background that there has been a dispute over the macroeconomic situation in China. In our opinion, although the GDP growth rate is still maintained at a strong level, the growth momentum has changed and the Chinese economy is still in the