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1986—1988年的投资、消费规模双膨胀,是导致中央实行目前的财政、信贷紧缩政策的直接原因之一。尤其是投资规模的膨胀,使全社会固定资产投资总额由1981年的961亿元增长至1987年的3641亿元及1988年的4206亿元。投资规模的膨胀不仅占用了大量生产急需的物资,拉开了物资的供需缺口,而且也拉大了已经十分严重的消费品供需
The double expansion of investment and consumption scale from 1986 to 1988 was one of the direct causes of the central government’s implementation of the current fiscal and credit tightening policies. In particular, the expansion of investment scale has increased the total fixed asset investment of the entire society from RMB 96.1 billion in 1981 to RMB 364.1 billion in 1987 and RMB 420.6 billion in 1988. The expansion of the investment scale not only takes up a large amount of urgently needed materials, it has opened up a gap in the supply and demand of materials, and it has also widened the supply and demand of consumer goods that are already very serious.