The　metal-ceramics　multi-layer　hollow　functionally　gradient　materials　(FGMs)　that　might　meet　the　requirement　of　repeated　service　and　long　working　time　of　high　temperature　burners,　such　as　spacecraft　engine,　the　microstructure　and　properties　of　composite　of　stainless　steel　and　partially　stabilized　zirconia　were　investigated.　Samples　of　different　proportions　of　stainless　steel　to　partially　yttria-stabilized　zirconia　were　fabricated　by　powder　extrusion　and　sintering　method.　Shrinkage,　relative　density,　microstructure,　micro-Vickers　hardness,　compression　strength,　bending　strength,　fractography　morphology　and　electrical　resistivity　of　sintered　samples　with　different　proportions　of　stainless　steel　were　measured.　The　results　show　that　threshold　of　metallic　matrix　composite(MMC)　is　approximately　equal　to　60%(volume　fraction)　stainless　steel.　The　samples　with　0　to　50%(volume　fraction)　stainless　steel　indicate　ceramic　brittleness　and　non-cutability,　and　the　samples　with　70%　to　100%(volume　fraction)　stainless　steel　indicate　metallic　plasticity　and　cutability.