摘要
During the past 20 y the countries whose eco fastest in the world, and （as a percentage of GDP ears, China has been one of nomic growth rate is the whose domestic saving rate ） and domestic investment rate （as a percentage of GDP） are the highest. According to the statistics of World Bank （2000a） the average GDP growth rates of 1980s and 1990s in China are respectively 10.1% and 10.7%, ranking the second among the 206 countries and regions in the world （only second to Botswana, a natural abundant African Country）, and the first. In 1999, the domestic saving rate and investment rate in China were respectively 42% and 40%, listed top in the world, 20% higher than the average world level at that time. Meanwhile, however, according to the just published World Bank Database （2002, 2003）, the cost of natural capital in China is also shockingly high. To a great extent, it counteracts the nominal domestic saving rate and investment rate, cutting down at least 20% of the genuine domestic savings rate in 1985, and 4.5% up to 1998, and reversed to 6.3 % by 2001.
