新形势下我国中长期国债投资趋势分析

Analyze the Tendency of China Mid and Long - term National Debt Investment under the New Situation

我国实行国债增发刺激经济的财政政策是在需求不足、通货紧缩和货币政策失灵的情况下被迫采取的,这并不意味着政府具有长期大规模实施扩张性财政政策的能力。与实施积极财政之初相比,我国当前的经济运行环境已经发生了很大变化,客观上要求及时推进积极财政政策转型,这必然将影响到我国中长期国债投资政策的变化,对这些变化趋势本文作出了自己的分析判断。

Compelled by the lack of demand, the deflation and the ineffectiveness of monetary policy, China has implemented the financial policy of increasing the issue of national debt to stimulate economy. It does not signify that government has the ability of implementing expansion fiscal policy for a long period massively. Compared to the beginning phase of implementing active finance, great change has occurred to the current economic operation environment of our country, demanding, objectively, the policy transformation in time. Inevitably,it will influence the change of the mid and long- term investment policy of national debt.