【摘要】 从总需求结构深入分析了中国高M2/GDP比率的原因,结果发现:导致中国高M2/GDP比率的原因是中国的高投资和高净出口,而问题的根源又在于中国现行的经济增长模式。因此,要解决中国M2/GDP比率的问题,关键并不在于紧缩货币供给量,而在于真正改变中国现行的主要依靠投资和出口刺激经济增长的模式,使中国的经济增长主要依靠国内的消费需求来推动,同时真正进行市场化(特别是要素的市场化及投资体制)改革。更多还原

【Abstract】 On the basis of relative researches of M2/GDP,this article analyses the reason why China has such a high M2/GDP ratio.It concludes that there is a high level of investment and net export in China,which depends on the current economic growth mode of China.Consequently,the Chinese government should not reduce the money supply,but should change Chinese current economic growth mode which mainly stimulated by investment and net export into that impulsed by consumption as well as strengthen the market reform,especially the reform of factor market and investment system.更多还原