需求不足问题至今仍在困扰中国经济。政府事实上在前年已经开始放松银根，按发达国家的常规，半年以后也该有效果出现，但效果很不明显。去年政府又加大投资需求，然而投资需求的扩大虽然可以在投资品制造业内部进行某种自我循环，但最终要受消费需求的制约：消费不旺，投资最 The problem of insufficient demand is still troubling the Chinese economy. In fact, the government has started to relax the monetary policy the year before last. According to the developed countries’ conventions, it should come into effect after six months, but the effect is not obvious. Last year, the government increased its investment demand. However, the expansion of investment demand, though it could carry out some kind of self-cycle within the manufacturing of investment products, is ultimately constrained by consumer demand: consumption is not strong and investment is the most