以新的视角审视当前中国宏观经济增长

本轮经济波动的一个显著特征是作为衡量经济过热的重要指标之一的通货膨胀并不明显。本文以宏观总供给的形成、宏观总需求的形成和宏观经济运行的微观基础为线索 ,在历史地回顾和分析改革开放以来前四次经济周期性波动的内在特征的基础上 ,指出当前宏观经济运行已进入一个新时期 ,具有与以往经济波动不同的新特征 ,并着重从推动本轮经济增长的动力源和隐藏在其背后的深层内在矛盾角度给出了对本轮经济波动的新解释

A New Perspective on the Current Situation of Chinese Macro Economy

One of the prominent features of this round of economic fluctuation is that inflation as the important indicator for measuring economic overheat is not obvious. Based on the formation of aggregate demand - aggregate supply and micro foundations of macroeconomic fluctuation, this paper gives an overview of the former 4 cyclical fluctuations of Chinese economy and analyzes their intrinsic characteristics. On this basis, we concludes that the current macroeconomy has moved into a new stage, with new features different from past economic fluctuations. This paper also attempts to provide a new explanation for this round of economic fluctuation from the perspective of the driving forces of this turn of economic growth and the underlying conflicts beneath it.