储蓄向投资转化机制及中国目标模式的选择——基于高储蓄率、高贸易顺差背景的思考

The Transformation Mechanism from Savings to Investment and China's Choice of Objective Pattern——Thought on High Savings Rate and High Favorable Balance of Trade

高储蓄率在推动我国经济快速增长的同时,影响了消费与投资的合理关系;高贸易顺差在不断增强我国综合国力的同时,也带来了国际经济交往中的诸多摩擦。要解决贸易平衡问题,必须采取措施降低储蓄率,以扩大国内需求。实现储蓄向投资的顺利转化,是扩大国内需求的重要举措。通过对储蓄向投资转化机制及其在中国实践的分析,我们认为,市场主导型模式是我国储蓄向投资转化机制的目标模式,而要实现这一目标模式,必须以制度建设为路径选择并着手进行相应改革。

The high savings rate promotes the rapid growth of China＇s economy and meanwhile affects the reasonable relationship between consumption and investment. High favorable balance of trade increases China＇s overall national strength continuously and meanwhile it also brings a good many clashes in the international economic intercourses. We must take measures to lower savings rate and expand domestic demand in order to solve the problem of trade balance. To realize the successful transformation from savings to investment is an important measure to expand the domestic demand. Through analyzing the transformation mechanism from savings to investment and its practice in China, the author points out that the market - leading pattern is China＇s objective pattern of the transformation mechanism from savings to investment, and to realize this objective pattern, system construction must be the measure and corresponding reforms must be started.