股市泡沫削弱了实业投资

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尽管有国债资金的强力支撑,1998年以来,我国固定资产投资增长状况仍不理想,表现在投资波动较大,投资增速低缓,上升通道还未打开,增长前景仍不明朗。投资增长乏力的重要原因在于:除去财政投资以外的社会投资意愿不足,从而形成在财政投资扩张的同时,企业(包括国有企业)及民间投资无法有效跟进和逐步扩 Despite the strong support from treasury bonds, the growth of China’s fixed asset investment has not been satisfactory since 1998, reflected by the volatile investment, slow growth of investment and the ascent of the upward path. The growth prospects remain uncertain. The main reasons for the weakening of investment growth are: the lack of willingness to invest in social sectors other than fiscal investment leads to the ineffective follow-up and gradual expansion of enterprises (including state-owned enterprises) and private investment while fiscal investment is expanding
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