产能利用不足和通胀压力并存的悖论——从产能角度思考中国经济的深层次问题及对策

发布时间：2018-04-23 17:32

本文选题：产能过剩 + 通胀压力　；参考：《金融论坛》2011年04期

【摘要】：从中国经济运行的实证轨迹来看,产能过剩存在于以钢铁等为代表的中上游工业制造业和以部分机械制造行业为代表的中下游工业制造业,近年来在以高速公路、高速铁路和轨道交通为代表的基础设施行业也有所体现。在产能过剩的同时,中国的通胀压力尤其是生产资料价格上涨压力却难以消减。产能利用不足与通胀压力并存的根源值得深入分析。生产要素价格偏低且定价机制不合理、投资和消费需求结构失衡、企业在产能过剩情况下仍有利可图、投资的行业结构不尽合理以及投资主体结构失衡是造成这种现象的重要成因,其中投资结构和主体失衡是核心的深层次原因。
[Abstract]:Judging from the positive trajectory of China's economic operation, overcapacity exists in the industrial manufacturing industries in the upper and middle reaches, represented by steel and steel, and in the middle and lower reaches, represented by some machinery manufacturing industries. In recent years, overcapacity has been taking the form of highways. The infrastructure industry represented by high-speed railway and rail transit is also reflected. At the same time as overcapacity, China's inflationary pressure, especially the pressure on rising prices of production materials is difficult to reduce. The root cause of underutilization of production capacity and inflation pressure is worth in-depth analysis. The price of production factors is on the low side, the pricing mechanism is unreasonable, the structure of investment and consumption demand is out of balance, and enterprises are still profitable under the condition of overcapacity. The unreasonable industry structure of investment and the imbalance of investment subject structure are the important causes of this phenomenon, in which the investment structure and the main body imbalance are the deep-seated causes of the core.
【作者单位】：中央财经大学金融学院;中国工商银行战略管理与投资者关系部;中国工商银行城市金融研究所;
【分类号】：F124;F822.5

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