资本项目管制的去与留

Abrogation or Preservation of the Control of the Capital Account

随着中国加入世界贸易组织和国内经济的进一步发展,实现人民币完全可兑换,取消资本项目管制已被提到了日程上。从资本项目管制的成本和取消资本项目管制的效益的对比来看,我国应该完全取消资本项目管制。但从资本项目管制的含义和目的来看,我们可以发现或许可以重新评价是否应该完全取消资本项目管制。

With the entry to WTO and the further development of national economy, China is about to make its domestic currency-RMB fully convertible. Such being the case, the abrogation of the control of the capital account is being put at the top of the agenda. In consideration of the comparison between the costs of the control of the capital account and the benefits of the abrogation of the said control, China shall abrogate the control of capital account without hesitation. But from the definition and the purpose of the control of the capital account, we may find it necessary for us to reevaluate the action of completely abrogating the control of the capital account.