中国经济学家面临着最严峻考验，考验他们对国内外经济形势的分析、预测是否符合实际的时期到了。近来，美国股市出现大幅跳水行情，8月4日猛泻300点，人们惊呼从1993年以来从3000点连升5年到9000点的大牛市，似乎到头了。笔者多次谈过，这次亚洲金融危机深层次原因有二：一是 Chinese economists are facing the most severe test to test their analysis of the economic situation at home and abroad and predict whether the actual period is up. Recently, the U.S. stock market has seen a sharp diving market, with a sharp drop of 300 on August 4, and people are alarmed at the bull market that has risen from 3,000 to 9,000 since 1993. The author has talked about many times. There are two reasons for this Asian financial crisis in depth: First,