中国居民低消费率的长期持续是中国宏观经济特有的问题,这一形态从上世纪90年代以来随着改革开放进程的深化而愈加严重。本文认为高储蓄是导致低消费的一个因素,但不是根本原因。论文在对中国居民消费水平从纵向视角和横向国际视角加以描述的基础上,系统地阐述导致低消费的成因,提出扩大居民消费的政策导向,并对目前已经出台的刺激内需的措施作简要评价。 The long-term sustained low consumption rate of Chinese residents is a peculiar issue for China’s macroeconomy. This pattern has been aggravated by the deepening of the reform and opening-up since the 1990s. This paper argues that high savings is a factor that leads to low consumption, but not the root cause. Based on the description of consumption level of Chinese residents in terms of vertical and horizontal international perspectives, the paper expounds the causes of low consumption systematically and puts forward the policy guideline of expanding resident consumption, and gives a brief assessment of the measures that have been introduced to stimulate domestic demand. .