全球金融危机处置中的中国策略

China's Strategy in Dealing with the Global Financial

全球金融危机是美国国内经济的失衡和特里芬困境作用的必然结果,反映了全球化对国际统一货币的需求与主权国家货币行使世界货币职能矛盾的不可调和性。因此,金融危机是美元滥发与美国国内经济承受力之间矛盾被迫调整的结果,因而危机爆发具有必然性。然而美国继续使用透支信用,发行国债,向市场注入流动性来治理危机,这无疑是饮鸠止渴。从这个角度看,国际金融体系的重构将不以美国意志为转移,中国必须要利用这场金融危机所造成的国际金融与经济秩序调整的契机,提高自身在国际金融中的地位及话语权。

The global financial crisis is an inevitable result of the disequilibrium of the U.S. domestic economy and the existing of the Triffin Dilemma, which reflecting irreconcilable contradictions between the demand of the international currency with globalization and the issue of that currency from a sovereign state. Therefore, financial crisis broke out with inevitability, when the United States was force to adjust the contradictions between the U.S. dollar junk and the tolerance of the domestic economy. However, the United States continue to overdraft credit, issue treasury bonds, add liquidity to the market to govern the crisis, which would cause more serious problem in the future. From this point, the reconstruction of the international financial system will not follow the will of the United States. In this crisis, with the adjustment of the international financial system and world economic order, China should take the opportunity of improving its status in international finance as well as the power of its voice.