2007年美国次债危机以来,全球实体经济持续低迷。金融危机的实践表明,虚拟经济过度膨胀将催生经济泡沫并引发金融危机,最终伤及实体经济。本文以我国经济系统内部虚拟经济与实体经济的协调发展状况作为研究对象,借助协调度模型,具体测算了我国虚拟经济与实体经济的综合发展指数以及二者发展的协调程度。研究发现,2008年以后我国虚拟资产规模迅速扩大,虚拟经济与实体经济发展出现了一定程度的背离。但总体来看,改革开 Since the U.S. subprime crisis in 2007, the global real economy has been in a downturn. The practice of the financial crisis shows that excessive inflation in the fictitious economy will spawn an economic bubble and trigger a financial crisis that will ultimately hurt the real economy. In this paper, the coordinated development of virtual economy and real economy in China’s economic system is taken as the research object. With the aid of coordination degree model, the comprehensive index of development of China’s virtual economy and real economy and the degree of coordination between the two are analyzed. The study found that after 2008, the scale of China’s virtual assets rapidly expanded, and the fictitious economy and the real economy developed a certain degree of deviation. But overall, reform is on