本文以供给为视角全面剖析了供求结构性失衡问题。认为,国家所有制既对造成资产存量的僵化格局负有不可推卸的责任,又是引致结构性失衡的短缺的重要根源。而资产增量的“短平快”投资倾向和地区分割所造成的供求结构性失衡直接与市场机制的不健全相关。产业政策的失误则加剧了问题的严重性。 In this paper, a comprehensive analysis of the supply and demand structural imbalances from the perspective of supply. They think that state ownership not only has the unshirkable responsibility of causing the rigid stock of assets, but also causes the shortage of structural imbalance. However, the “short and quick” investment tendency of asset increment and the structural imbalance between supply and demand caused by regional segmentation are directly related to the imperfection of the market mechanism. The failure of industrial policies exacerbated the seriousness of the problem.