CAJ | 학술논문

美国于2014年11月正式停止了资产购买计划，美联储资产负债表规模不再进一步膨胀，欧洲和日本也调整了量化宽松政策实施方案。与此同时，新兴市场经济国家和欧元区外围国家面临脆弱性调整，中国经济面临增速下滑、发展战略调整、竞争优势转换、红利收益变化等挑战，后金融危机时代的中国经济正逐渐进入新常态。内外部环境的变化使得中国外向型经济发展面临新的挑战和机遇，双向直接投资将是中国外向型经济发展的重要趋向。
미국우2014년11월정식정지료자산구매계화，미련저자산부채표규모불재진일보팽창，구주화일본야조정료양화관송정책실시방안。여차동시，신흥시장경제국가화구원구외위국가면림취약성조정，중국경제면림증속하활、발전전략조정、경쟁우세전환、홍리수익변화등도전，후금융위궤시대적중국경제정축점진입신상태。내외부배경적변화사득중국외향형경제발전면림신적도전화궤우，쌍향직접투자장시중국외향형경제발전적중요추향。
The United States officially stopped the asset purchase program in November 2014, the Fed＇s bal- ance sheet will not expand further. Europe and Japan adjusted the quantitative easing policy as well. At the same time, the emerging market countries and the peripheral eurozone countries are confronted with the vulnerability adjustment, the Chinese economy are faced with a decline in growth speed and readjustment of development strategy, as well as transformation of competitive advantage and development dividend . China＇s economy is gradually entering a new normal stage. The changes of internal and external environment bring about new challenges and opportunities for Chinese open - oriented economy, in which a two - way direct investment is an important trend.