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一、当前中国经济的反常现象其一,经济增长速度下降,但实际利率上升。一般情况下,经济增长下降的时候,投资乏力,对资本的需求减少,实际利率应该下降。但实际情况正好相反,经济增长在减速,而实际利率一直在上升。其二,经济增长减速,但劳动力成本增长速度仍然很快。按传统的经济学教科书理论,当经济增长乏力的时候,对劳动的需求会减少,所以劳动力的价格也应降低。但是我们看到的正好相反,即使
First, current anomalies in the Chinese economy First, the rate of economic growth has declined, but real interest rates have risen. Under normal circumstances, when economic growth declines, investment is weak and demand for capital decreases. The real interest rate should drop. However, the opposite is true, economic growth is slowing, and real interest rates have been rising. Second, the economic growth slowed down, but the labor cost growth rate is still fast. According to the traditional economics textbook theory, when the economic growth is sluggish, the demand for labor will be reduced, so the price of labor should also be reduced. But what we see is the opposite, even though