对中国经济增长模式“退出策略”的探求应聚焦在两个关键点上:一是外部需求,二是就业。在过去的一年多时间里,为应对全球性金融危机,各国纷纷实行了庞大的财政刺激措施和极其宽松的货币政策。这些措施总体上提振了市场信心,刺激了全球经济的复苏,但同时也给未来埋下了通胀高企的隐患,一旦经济复苏后市场行为发生显著改变,这一隐患将迅速转变为现实。对于已经深深融入世界经济体系的中国而言,关注美、欧、日等世界主要经济体的“退出策略”其重要性不言而喻。然而,无数的先例已经告诉我们,从来都是祸起萧墙。 The search for China’s economic growth model “exit strategy” should focus on two key points: one is external demand and the other is employment. In the past year or so, in response to the global financial crisis, all countries have implemented huge fiscal stimulus and extremely loose monetary policies. These measures have generally boosted market confidence and stimulated the recovery of the global economy, but at the same time, it has also laid the hidden dangers of high inflation for the future. If the market behavior changes significantly after the economic recovery, the hidden danger will quickly become a reality. For China, which has been deeply integrated into the world economic system, its importance in focusing on the world’s major economies such as the United States, Europe and Japan is self-evident. However, countless precedents have told us that they have always been the culprit.