一、国际资本循环的中国“新常态”(一)中国已进入国际资本循环正常状态新世纪以来,中国利用外资和对外投资都进入了快速发展阶段。2013年,中国利用外资1175.86亿美元,同比增长5.25%,对外投资规模首次越过千亿美元大关,同比增长22.8%,2013年底,中国对外投资累计净额(存量)达到6604.8亿美元,连续两年位列全球三大对外投资国 I. The “New Normal” of International Capital Cycles (I) Since the beginning of the new century when China has entered the normal state of international capital recycling, both the utilization of foreign investment and its overseas investment have entered a phase of rapid development. In 2013, China utilized USD 117.586 billion in foreign investment, up 5.25% over the same period of last year. For the first time, the scale of its overseas investment surpassed 100 billion U.S. dollars, up 22.8% over the same period of last year. By the end of 2013, China’s cumulative net foreign investment reached 660.48 billion U.S. dollars, Year ranked the world’s three largest foreign investors