Is China’s Investment Ratio Too High?

ZHANG Hanya1 ( 张汉亚 )

 
Editorial note：

In recent years, overseas observers have reached a consensus upon attributing China’s sustained rapid economic growth primarily to high investment. This consensus opinion has also struck a resonant chord among a large number of domestic researchers who acknowledge the tremendous contribution of continued high fixed asset investment to China’s economic growth, and often wonder whether “the investment ratio is too high” and “the economy is overheating”. In this article, renowned economist Zhang Hanya elaborates upon the real economic meaning of “investment ratio”, and sets out reasonable criteria for the “investment/consumption ratio”. His explanations help us to clarify our understanding and judgments regarding the related issues.

¥0.01加入购物车