经济增长、结构调整的累积效应与资本形成——当前经济增长态势分析

Economic Growth, Accumulative Effects of Structural Adjustment and Capital Formation——The Trend Analysis of Current Economic Growth

1990年以来 ,特别是 2 0世纪 90年代中后期 ,中国的经济结构发生了重大调整 :基础设施的投入奠定了城市化的基础 ,工业化在消费和出口的拉动下逐步升级。中国经济增长开始由工业化单引擎发展到工业化与城市化的双引擎。由低价工业化到高价城市化的转化以及与之相应的资金流程与资本形成方式的变化 ,一方面引起近年来中国经济的快速发展 ,另一方面也对未来中国经济的持续增长形成挑战。通过政府体制、金融体系和财税体制的进一步改革 ,完善资源配置方式 ,将是应对挑战、保持中国经济持续增长的保证。

Since 1990s, particularly in the second half of 1990s, China's economy has achieved a great structural adjustment: the large amount of input in infrastructure construction has established the foundation of urbanization, and the pull of consumption and export has gradually upgraded the industrialization. China's economy has thus been driven by today's double engine of industrialization and urbanization rather than the single engine of industrialization in the past. The structural adjustment from Low cost industrialization to high cost urbanization and the corresponding change of fund flow and capital formation, brought about the high growth in recent years while challenged the sustainable growth in the future. The reform of government, financial system and fiscal system, and the improvement of resource allocation, will meet the challenge and ensure China's growth sustained.