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没有人否认中国目前正面临着流动性过剩的问题。什么是流动性过剩?有人用一个很形象的比喻来形容:水龙头正在向快要漫溢的水池急速流水,水管流出的水比作外汇净流入,倾入水池则成为7．8倍数量的人民币,而狭小的水池则是中国资产的价值。流动性过剩表现为水过多,也即货币过剩。
No one has denied that China is currently facing the problem of excess liquidity. What is excess liquidity? Someone uses a very vivid metaphor to describe that a faucet is rapidly flowing into an overflowing pool. The water flowing out of the water pipe flows into the net as foreign exchange, and the amount of water flowing into the pool becomes 7.8 times the amount of RMB. Small pools are the value of Chinese assets. Excess liquidity shows too much water, that is, excess money.