金融危机后,全球经济增长与经济结构、储蓄与投资结构、甚至美元主导的国际金融体系都在发生着重大变化,全球失衡的程度已大幅收窄,但是全球宏大再平衡,也是一条崎岖的道路。影响世界经济再平衡的主要因素:中美两国贸易政策、中美两国内部结构调整、国际货币及金融监管体系的形成、新兴国家通胀水平、全球真实利率上升程度等因素。 After the financial crisis, major changes have taken place in the global economic growth and economic structure, the structure of savings and investment, and even the dollar-led international financial system. The degree of global imbalances has been drastically narrowed. However, the global great rebalancing is also a rough road . The main factors affecting the rebalancing of the world economy are the trade policies between China and the United States, the internal restructuring of China and the United States, the formation of the international monetary and financial regulatory system, emerging countries’ inflation and the rise in the real world interest rate.