张智威在《财经》杂志2012年增(3)期(8月出版)上撰文指出,当前中国经济下滑的幅度在过去30年中比较少见,经济出现放缓如此明显的一些因素已广为人知,讨论也比较充分。比较明显的结构性因素包括人口红利的减少和近年来制度改革的停滞不前。也有一些因素可能兼具周期性和结构性特征,例如,发达国家的经济危机导致的中国出口困难。另外,笔者认为还有两方面的原因同样重要,但是在政策的讨论中相对较少地被提及,一个是中国经济的国际竞争力下降;另一个是存在过度依赖政府刺激的制度性缺陷。 In his article (3) (August) published by Caijing in 2012 (August), Zhang Zhiwei pointed out that the current rate of economic downturn in China has been relatively uncommon over the past 30 years and that some of the factors that have caused such a slowdown in the economy have become widely known and discussed Also more full. The more obvious structural factors include the reduction of demographic dividend and the stagnation of the system reform in recent years. There are also some factors that may have both cyclical and structural characteristics. For example, the economic crisis in developed countries has caused China’s export difficulties. In addition, I think there are two other reasons are equally important, but in the policy discussion is relatively rarely mentioned, one is the decline of the international competitiveness of China’s economy; the other is the existence of overly dependent on the government to stimulate institutional deficiencies.