中国经济发展必须直面输入型金融危机

中国大宗商品进出口价格的巨大背离、中国国内价格的背离将导致企业整体利润下降或亏损增加。由于我国融资体系以间接融资为主且数家国有银行占主导。因此企业经营风险将集中转移至银行体系，直接表现为银行呆坏账提高。这种风险积聚到一定程度将可能以金融危机形式表现出来，而这种金融危机不同于传统意义的金融危机，而是由于中国对外经济依存度过高、国际市场大宗商品和制成品不合理的定价体系所造成的。

Chinese Economic Development Must Face the Imported Financing Crisis

The large difference between the import and export prices of bulk commodities in China and unreasonable domestic prices will lead to profit decline or loss increases on an enterprise basis. Since the Chinese finance system is mainly indirect financing dominated by state-owned banks, business risks will transfer to the banking system with an increase in bad debts. Such risks may accumulate to such an extent that they form the basis of financial crisis. The resulting financial crisis caused by external economic dependence and the unreasonable pricing system for bulk commodities and manufactured goods in the international market represents a different aspect of the traditional meaning of financing crisis.