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以不同标准衡量的增长率的经济学意义是不同的,其中的差异性质往往决定着一国经济运行的方向。调整缓慢使得CPI已不能很好地反映结构变迁中的经济发展状况,PPI更具有代表性。以PPI衡量的价格变化反映中国正处在成本推进与需求萎缩相互作用的新型通货紧缩中,这种性质的价格变化对企业利润的伤害是最大的,市场经济的动力机制是利润,由此反映推动中国经济增长的动力机制在快速衰弱,中国已进入“中等收入陷阱”边缘。从国内外形势看,中国企业整体将在一个较长时期都处于高成本与低收入状态,经济增长将十分乏力。
The economic significance of the growth rates measured by different standards is different. The nature of the differences among them often determines the direction of the economic operation of a country. The slow adjustment makes the CPI can not well reflect the economic development in the structural change, and the PPI is more representative. The price changes measured by PPI reflect that China is in the process of new deflation of the interaction between cost promotion and demand shrinkage. The price changes of this nature have the greatest harm to the profits of enterprises, and the driving force of the market economy is profit, thus reflecting The driving force behind China’s economic growth is rapidly declining. China has entered the “middle income trap.” Judging from the situation at home and abroad, Chinese enterprises as a whole will be in high costs and low incomes over a long period of time, and their economic growth will be sluggish.