河北学刊
河北學刊
하북학간
Hebei Academic Journal
2013年
1期
149~153
,共null页
强实固基 收益宽幅 储蓄累进利率制
彊實固基 收益寬幅 儲蓄纍進利率製
강실고기 수익관폭 저축루진리솔제
enhancement of real economy and stabilization of economy foundation; return disparity; progressive saving interest rate
在中国经济长期保持快速增长的过程中,货币刺激政策致利率持续走低而市场流动性不断放大,资产价格快速升高,结果形成了银行储蓄低利率收益与房地产投资收益高回报收益之间巨大收益宽幅,导致社会资本脱实向虚,实体经济＂空心化＂,国民经济持续增长乏力。因此,壮大实体经济的实力,坚固国民经济基础,探索＂储蓄累进利率制＂,克服＂过度金融化倾向＂带来的资产泡沫以及潜在金融风险的影响;运用市场工具和行政干预措施大幅收窄货币性资产与实物资产、实体经济与流通领域及虚拟经济之间的＂收益宽幅＂现象;诱导资金、人才进入实体经济;对实体经济与非实体经济实施分行业定向宽松的优惠利率政策、税收政策等,以此营造实业致富、产业强国的市场环境,采取有效措施帮助中小企业走出困境,防止＂收益宽幅＂对中国实体经济的伤害。
在中國經濟長期保持快速增長的過程中,貨幣刺激政策緻利率持續走低而市場流動性不斷放大,資產價格快速升高,結果形成瞭銀行儲蓄低利率收益與房地產投資收益高迴報收益之間巨大收益寬幅,導緻社會資本脫實嚮虛,實體經濟＂空心化＂,國民經濟持續增長乏力。因此,壯大實體經濟的實力,堅固國民經濟基礎,探索＂儲蓄纍進利率製＂,剋服＂過度金融化傾嚮＂帶來的資產泡沫以及潛在金融風險的影響;運用市場工具和行政榦預措施大幅收窄貨幣性資產與實物資產、實體經濟與流通領域及虛擬經濟之間的＂收益寬幅＂現象;誘導資金、人纔進入實體經濟;對實體經濟與非實體經濟實施分行業定嚮寬鬆的優惠利率政策、稅收政策等,以此營造實業緻富、產業彊國的市場環境,採取有效措施幫助中小企業走齣睏境,防止＂收益寬幅＂對中國實體經濟的傷害。
재중국경제장기보지쾌속증장적과정중,화폐자격정책치리솔지속주저이시장류동성불단방대,자산개격쾌속승고,결과형성료은행저축저리솔수익여방지산투자수익고회보수익지간거대수익관폭,도치사회자본탈실향허,실체경제＂공심화＂,국민경제지속증장핍력。인차,장대실체경제적실력,견고국민경제기출,탐색＂저축루진리솔제＂,극복＂과도금융화경향＂대래적자산포말이급잠재금융풍험적영향;운용시장공구화행정간예조시대폭수착화폐성자산여실물자산、실체경제여류통영역급허의경제지간적＂수익관폭＂현상;유도자금、인재진입실체경제;대실체경제여비실체경제실시분행업정향관송적우혜리솔정책、세수정책등,이차영조실업치부、산업강국적시장배경,채취유효조시방조중소기업주출곤경,방지＂수익관폭＂대중국실체경제적상해。
In the progress of the long-term rapid growth of economy in China,the expansionary monetary policy caused low interest rates,amplified market liquidity and rapid increases in asset prices.This resulted in a huge gap of return earned from bank savings and real estate investment,which illustrates ＂return disparity＂.When the capital is more tended to invest in virtual economy rather than real economy,the capital hollow in real industries suppresses the real growth of economy in China.The control of ＂return disparity＂ is seemed as a new way to expand real economy industries and improve the strength of national economy： the aggressive rate system should be used to enhance withdrawal of currency and overcome excessiveness of financialization,which leads asset bubble and potential financial risks;the market tools and administrative intervention can also be implemented to suppress ＂return disparity＂;more mechanism should be designed to induce capital and attract the talent to the real economy;we should designate different interest rate policies and tax policies based on the industries and give more help to small and medium-sized enterprises to prevent the detrimental influence of ＂return disparity＂.
