一、企业储蓄的决定因素和未来演进趋势。中国工业利润占价值增长的比率从1995年的10·6%上升到2000年的17·3%,2005年进一步上升到21·6%。企业储蓄占GDP的比重从2000年的5%上升到2005年的20%。扣除周期性因素影响,中国企业利润增长的原因包括:一是民营企业所占比重上升,民营 First, the determinants of corporate savings and future trends. The ratio of China’s industrial profit to value growth rose from 106.6% in 1995 to 17.3% in 2000 and further to 21.6% in 2005. The share of corporate savings in GDP rose from 5% in 2000 to 20% in 2005. Excluding the cyclical factors, the profit growth of Chinese enterprises include: First, the proportion of private enterprises increased, private