中国整体资产负债表在衰退。日本野村综合经济研究所首席经济学家辜朝明先生《大衰退》一书,指出日本衰退的本质是资产负债表崩溃而后修复的过程。不幸的是,日本不断陷入资产负债表崩溃、修复,再崩溃、再修复的过程中,一直到安倍经济学大放货币,本质依然是在修复资产负债表。资产等于负债加所有者权益。我国的负债有多少?表面乐观。2013年两会上,时任总理温家宝指出,财政 China’s overall balance sheet is in recession. Japan’s Nomura Institute of Economics chief economist Koo Chae Ming, “Great Recession,” a book that the essence of Japan’s recession is the collapse of the balance sheet and then repair process. Unfortunately, Japan is constantly in the process of crashing, repairing, re-collapsing and repairing its balance sheet until Abenomics releases its currency in essence and still restores its balance sheet. Assets equal liabilities plus owners’ equity. What is the debt in our country? At the two sessions in 2013, Premier Wen Jiabao pointed out that finance