从宏观经济上看,中国正面临着亚洲金融危机以来最为严重的外部形势。由于美欧经济坠入低潮,给亚洲的出口造成不利影响,东南亚一些国家再次出现了经济、股市、汇率一起下滑的情况。中国上半年出口增幅逐月缩小,至六、七月份已出现负增长,这和去年出口高速增长的局面形成极其鲜明的对比。在外部需求不振已成定局的情况下,目前决策层和经济学家都把下半年经济发展的希望寄托在内需上,并认为股票市场在扩大内需上可以起到两个作用:第一个作用,上市公司在股票市场筹资后,投资实业项目, From a macroeconomic point of view, China is facing the most serious external situation since the Asian financial crisis. As the economic slump in the United States and Europe plunged and adversely affected the Asian exports, some countries in Southeast Asia once again saw the economy, the stock market and the exchange rate falling together. In the first half of this year, China’s export growth contracted month by month, and negative growth had taken place in June and July. This is in stark contrast to the rapid growth in exports last year. Given the weak external demand, decision makers and economists are pinning their hopes on economic development in the second half of the year on the domestic demand. They think the stock market can play two roles in expanding domestic demand: the first one , Listed companies in the stock market financing, investment in industrial projects,