当前中国的对外资产结构:特征、原因、问题与调整

当前中国的对外资产累积有几千亿美元,但绝大部分是缺乏控股权的债券与货币性投资,直接投资所占份额很少。企业整体实力、企业体制和政府政策等因素是造成中国对外资产结构不合理的主要原因。这种资产结构不仅使中国对外投资的收益较低,且对所投资国经济的影响力较弱,使对外投资的许多重要作用难以发挥。逐步加大对外直接投资的比重,减少非直接投资特别是储备资产的比重应该成为今后中国对外资产结构调整的主要趋势。

The Current External Asset Structure of China: Features, Causes, Problems and Adjustment

Chinese external assets have been accumulated up to several hundreds of millions dollars at present,most of which,however,is bond and monetary investment short of controlling interest,and in which the proportion of direct investment is very low.This is mainly caused by enterprise strength and system and government polices.Such asset structure involves not only external investment income and insufficient referent power of host country but also the weak roles of external investment.China should adjust the external assets structure step by step by enlarging the proportion of foreign direct investment and reducing that of indirect investment,especially reserved assets.