客观来讲,中国的这次“股灾”是一场正在演化之中的、具有金融资本阶段特性的多空大战。从表面上看,这只是中国官方资本做多与私人资本做空之间发生的一场对决新世纪以来,“产能过剩(一般称为生产过剩)”这个在20世纪的中国很少见到的概念,在官方文件上出现的频率越来越多。同期,则是伴随实体产业下滑同步发生的金融资本扩张。 Objectively speaking, this “stock market crash” in China is a long and short battle that is undergoing the evolution with characteristics of the financial capital stage. On the face of it, this is only a confrontation between the official capital in China and the shortfall in private capital in the new century. “Overcapacity (commonly referred to as overproduction)” is rarely seen in China in the 20th century The concept of official documents appear more frequently. The same period, it is accompanied by the decline of the real estate industry financial capital expansion.