治理通货紧缩必须找准着力点

Key-Points for Controling Deflation

通货紧缩根源于过剩的生产能力与由悲观预期造成的消费需求不足之间的矛盾。治理通货紧缩的着力点应放在两方面：一是伴随城市居民消费结构的升级培育新的经济增长点；二是加强财政投入，改善农村消费环境，加速城市化进程，增加农民收入，以消化存量资本中过剩的生产能力。

Deflation derives from the contradiction between surplus productive fores and deficient consump- tion caused by pessimistic prediction. There should be two key-points. One is to develop new economic growing -up points,with the upgrade of consuming model for urban residents, the other is to improve rural consuming environment by enhancing finance support, to speed up the urbanization progress and to increase farmers' in- come,so as to digest the surplus productive forces in capital accumulation