当前中国面临的通货紧缩威胁及应对措施

Deflation Threat China Faces and Measures to Govern in China

受全球金融危机的影响,中国的宏观经济形势自2008年10月开始由通货膨胀向通货紧缩迅速转变。虽然目前中国还没有进入全面通货紧缩状态,但通货紧缩压力带来的负面影响已经在工业生产领域有所表现:通货紧缩导致企业投资不振、收益下降,并增加了企业债务负担;同时,通货紧缩也大大抑制了居民消费和出口。中国目前的通货紧缩的内在原因在于其自身投资需求、消费需求都趋于萎缩,因此,防止中国出现严重通货紧缩的基本思路是"扩大需求、改善供给"。

Since October last year, the finance crisis of the world made Chinese macro-economy situation from inflation to deflation. Although, currently, China is not in all-rounded deflation situation, the negative influence of the pressure of the deflation has begun to appear in industrial production field, for example, the deflation leads to the decline of firm investment and gains and the increase of enterprise debt burden. Meanwhile, the deflation inhibits the resident consumption and export on large scale. The inner reason for present China＇ s deflation is shrinking of self-investment demand and consumption demand. Thus, the basic ideas for preventing China＇ s serious deflation are to enlarge domestic demand and to improve supply.