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政府主导投资的重点不是效率而是规模,所涉及的行业自然就是可以吸纳大量投资的重资产行业。再加上地区之间的恶性竞争,过度投资进而导致重资产行业产能过剩几乎是必然的结果当前,钢铁、煤炭、水泥等传统行业出现了严重的产能过剩现象,给中国经济战略调整和转型升级带来巨大挑战。我们认为,当前产能过剩问题同时表现出周期性、体制性和阶段性的特点,政府应坚持用
The focus of government-led investment is not efficiency but scale. The industries involved are naturally heavy asset-bearing industries that can absorb substantial investment. Coupled with the vicious competition among regions, overinvestment has led to an almost inevitable result of overcapacity in the heavy asset industry At present, the traditional industries such as steel, coal and cement have experienced serious overcapacity and have given China’s economic strategy adjustment and transformation and upgrading Great challenge. In our opinion, the current overcapacity problem shows both periodic, institutional and phased characteristics. The government should persist in using