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投资与消费的失衡是中国经济结构最为关键的失衡,并推动高投资、低消费、出口拉动的经济增长模式的形成,而且,这一增长模式有着明显的路径依赖,即政府驱动经济、地产驱动经济、需求管理驱动经济。在世界经济低迷的背景下,这一发展模式遇到巨大挑战,难以维系,而推动该模式转换的关键因素是如何通过供给侧的改革推动政府改革。
The imbalance between investment and consumption is the most crucial imbalance in China’s economic structure and promotes the formation of a pattern of economic growth driven by high investment, low consumption and export. Moreover, this pattern of growth has a clear path dependence, namely, government-driven economy and real estate-driven Economic and demand management drive the economy. In the context of the world economic downturn, this development model poses a tremendous challenge and is difficult to sustain. The key factor driving this paradigm shift is how to promote government reform through supply-side reforms.