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transition period, and overseas Japan recession and Southeast longchamps wallet Asia crisis, domestic economic constantly in low found end of, that round economic fell single quarter GDP growth of end of in 1999 end of, inflation gradually fell, and and in into deflation, but, stock end of in 1996 early on appears has, zhihou, as funds price of systemic fell and risk preference of upgrade, and active stock policy of care, shares out Bull. The current, more complex than in 1996 with economies in transition, longchamp beige however, capital systemic declines in prices, lifting, a share valuation risk appetite there is margin of safety, so, at least there is little risk of systemic lupus, you can actively based on long term looking for opportunities. Interest rate cuts accompanied longchamp pliable by expansion of lending and deposit interest rate floating range, long term, interest rate liberalization take a substantive step forward. Previously, deposit rates free floating, minimum lending rate floating range 0.9 times times the benchmark interest rate, the interest rate cut, while floating interval of magnified the floating of deposits and loans, blew horns of the reform of interest rate marketization. Economic running low, two-track interest rates when prices are gradually narrowing, starting interest rate liberalization, regulation of financial chaos has long-term significance and risk prevention are deepening financial reform, contributed to financial products Industry flexibility, more aggressively, just need to watch out for Fund top holdings stock fluctuations of band operation; and banks class bond, in which joint-stock banks better; power unit is expected to be at the same time benefit from the electricity price reform, cost-side coal prices down, high debt ratio falling income triple good financial savings, can be seen from strategic. Secondly, the aggressive investor willing to toss fried fried cycle unit can pretend, game colored-band operation (gold), coal, cement, construction machinery etc. "Pretending to fried fried cycle unit": while, subject Yu industry capacity excess, this "stability economic" for cyclical industry overall of pull role weaker, and future years economic transition, and adjustable structure, investment related industry faced ends by extrusion, capacity large put, investment needs trend sexual weak; other hand, cycle unit of elastic strong, current