2012年我国固定资产投资稳定增长，全国固定资产投资(不含农户)364835亿元，同比名义增长20.6%。中西部地区投资增速超过东部地区。2012年社会消费品零售总额达207167亿元，同比名义增长14.3%。2012年消费对中国经济增长的贡献率为51.8%

In 2012, the stable growth of investment in fixed assets,The fixed assets investment(Does not contain the farmers)36.4835 trillion yuan,Growth of 20.6% year-on-year name.The Midwest regional investment growth more than the eastern region.In 2012, total retail sales of 20.7167 trillion yuan,Growth of 14.3% year-on-year name.2012 years of Chinese consumption accounted for 51.8% of China's economic growth

　　2020年之前，中国经济增速大概保持在7%—8%比较合理。与之相适应，投资、消费、出口这三驾马车预计增速和过去相比要发生历史性变化。投资会进入比较稳定的增长期，消费会在稳中略有上升，出口增速要习惯个位数

2020 years ago,China's economic growth probably maintained at 7% - 8% more reasonable.And adapt to the,investment/consumption/Export the troika is expected to growth than in the past and historic changes to happen.Investment will enter into a relatively stable growth,Consumption will be steady increased slightly,Export growth should be used to singly

　　去年全国固定资产投资增20.6%

Last year the national investment in fixed assets increased by 20.6%

　　记者从国家统计局了解到：去年我国固定资产投资稳定增长，全国固定资产投资(不含农户)364835亿元，同比名义增长20.6%，扣除价格因素实际增长19.3%，比2011年回落3.4个百分点。中西部地区投资增速超过东部地区。

Reporters from the national bureau of statistics to know:Last year the stable growth in fixed asset investment,The fixed assets investment(Does not contain the farmers)36.4835 trillion yuan,Growth of 20.6% year-on-year name,After adjusting for inflation grew by 19.3% in real terms,A drop of 3.4% more than in 2011.The Midwest regional investment growth more than the eastern region.

　　分产业看，去年第一产业投资9004亿元，增长32.2%；第二产业投资158672亿元，增长20.2%；第三产业投资197159亿元，增长20.6%。分地区看，去年东部地区投资169939亿元，增长17.8%；中部地区投资103713亿元，增长25.8%；西部地区投资86150亿元，增长24.2%。

Points industry see,Last year the first industry investment of 900.4 billion yuan,Growth of 32.2%;The second industry investment of 15.8672 trillion yuan,Growth of 20.2%;The third industry investment of 19.7159 trillion yuan,Growth of 20.6%.Points area to see,Last year, the eastern region investment of 16.9939 trillion yuan,Growth of 17.8%;The central region investment of 10.3713 trillion yuan,Growth of 25.8%;The western region investment of 8.615 trillion yuan,Growth of 24.2%.

　　2012年1—12月，全国民间固定资产投资223982亿元，同比名义增长24.8%，扣除价格因素实际增长23.4%。民间固定资产投资占固定资产投资的比重为61.4%。分地区看，东部地区民间固定资产投资109594亿元，增长21.4%；中部地区70042亿元，增长28.1%；西部地区44345亿元，增长28.4%。

2012 1-12 months,The national folk investment in the fixed assets 22.3982 trillion yuan,Growth of 24.8% year-on-year name,After adjusting for inflation grew by 23.4% in real terms.Folk fixed assets investment accounts for of the proportion of investment in fixed assets was 61.4%.Points area to see,The eastern region folk investment in the fixed assets 10.9594 trillion yuan,Growth of 21.4%;The central region is 7.0042 trillion yuan,Growth of 28.1%;The western region is 4.4345 trillion yuan,Growth of 28.4%.

　　去年社会消费品零售总额增14.3%

Social total retail sales of consumer goods last year increased by 14.3%

　　记者从国家统计局了解到：2012年全国市场销售稳定增长，社会消费品零售总额达207167亿元，比上年名义增长14.3%，扣除价格因素实际增长12.1%，增速比上年回落2.8个百分点。2012年消费对中国经济增长的贡献率为51.8%，投资贡献率为50.4%，净出口贡献率为-2.2%。

Reporters from the national bureau of statistics to know:In 2012 the national market sales steady growth,Social total retail sales of consumer goods up to 20.7167 trillion yuan,Last year increased by 14.3% than the name,After adjusting for inflation grew by 12.1% in real terms,Compared with a drop of 2.8% growth.2012 years of Chinese consumption accounted for 51.8% of China's economic growth,Investment accounted for 50.4%,Net exports accounted for 2.2%.

　　2012年全国限额以上企业(单位)消费品零售额101129亿元，增长14.6%。按经营单位所在地分，城镇消费品零售额179318亿元，比上年增长14.3%；乡村消费品零售额27849亿元，增长14.5%。按消费形态分，餐饮收入23283亿元，比上年增长13.6%；商品零售183884亿元，增长14.4%。在商品零售中，限额以上企业(单位)商品零售额93330亿元，增长14.8%。同期，全国汽车类销售增长7.3%，增速比上年回落7.3个百分点；家具类增长27.0%，回落5.8个百分点；家用电器和音像器材类增长7.2%，回落14.4个百分点。

In 2012 the limitation above enterprise(unit)Retail sales of consumer goods is 10.1129 trillion yuan,Growth of 14.6%.According to the business unit seat points,The town of retail sales of consumer goods is 17.9318 trillion yuan,A 14.3% increase from the previous year;Rural retail sales of consumer goods is 2.7849 trillion yuan,Growth of 14.5%.According to the consumption form points,Catering income is 2.3283 trillion yuan,A 13.6% increase from the previous year;Retail is 18.3884 trillion yuan,Growth of 14.4%.In the retail,Limitation above enterprise(unit)Commodity retail sales is 9.333 trillion yuan,Growth of 14.8%.Over the same period,China auto class sales increase of 7.3%,Compared with a drop of 7.3% growth;Furniture kind of growth of 27.0%,A drop of 5.8%;Household appliances and audio-visual equipment class increased by 7.2%,A drop of 14.4%.

　　投资增速短期还有可能加快

Short-term investment growth and could accelerate

　　固定资产投资增速短期还有进一步加快的可能。有没有投资冲动要看机会，假如今年经济比较好，投资增速可能还会上升

Fixed asset investment growth of short-term and further accelerate the speed of may.Any investment impulse to see opportunity,If this year's economic is better,Investment growth is likely to increase

　　去年固定资产投资增速比2011年回落了3.4个百分点，有两个原因。首先，从长期来看，中国投资的增长速度不可能永远保持高位，随着经济的进一步发展，消费的比重在拉动经济方面的作用会越来越大。投资逐渐回落是可以理解的一种趋势。经济发展初期以投资为主，到了一定程度，经济不再短缺了，固定资产投资就不一定需要那么多了。

Fixed asset investment growth last year than in 2011 fell 3.4%,There are two reasons.First of all,In the long run,China investment growth rate may not always be remain high,With the further development of the economy,The proportion of consumption in promoting the economic aspects of the role will be more and more big.Investment gradually back is understandable a trend.Economic development in first stage investment is given priority to,To a certain degree,The economy no longer shortage,Fixed asset investment would not need so much.

　　其次，2012年固定资产投资增速的回落虽然有长期因素在里面，但是主要还是短期因素在发挥作用，短期因素就是因为经济不景气，人们不知道经济什么时候见底，对前途的信心会有短期的不足，从而影响投资增速。不过，固定资产投资增速短期还有进一步加快的可能。有没有投资冲动要看机会，假如今年经济比较好，投资增速可能还会上升。

secondly,2012 fixed asset investment growth decline although there are long-term factors in it,But the main or short-term factors in play a role,Short-term factor is because of the depressed economy,People don't know what the economy when saw bottom,For the future confidence there will be short-term shortage,Thus affecting investment growth.but,Fixed asset investment growth of short-term and further accelerate the speed of may.Any investment impulse to see opportunity,If this year's economic is better,Investment growth is likely to increase.

　　民间固定资产投资增速总的来讲会越来越高，比重也会越来越大，因为民营经济的比重在不断扩大。这个趋势会延续下去。

Folk fixed asset investment growth generally will be more and more high,Specific gravity will also more and more big,Because the proportion of private economy growing.This trend will continue.

　　民间投资的问题归根结底最主要还是民营企业的发展问题，民企的投资取决于两点，一个是资金的渠道，比如我们的金融系统怎么为民企提供更多的投融资机会，包括银行、资本市场。应给民企更多的资金获得渠道，银行贷款要更多面向民企；资本市场要面向民企更多地开放。现在很多民企融资困难，融资困难投资当然就困难，要通过创新、改革让民企获得更多的资金。

The problem of private investment in the final analysis the main problems or the development of private enterprises,Corporation investment depends on two points,One is the capital of the channel,Such as our financial system how to corporation provide more investment opportunities,Including Banks/Capital market.Corporation should give more money for channel,Bank loans to more for corporation;The capital market will face corporation more open.Now a lot of corporation financing difficulties,Investment financing difficulties of course is difficult,Through innovation/Reform let corporation get more money.

　　第二，更重要的是，为民企开放更多的领域。因为民资可以进入的现有领域都是投资比较小的领域，还有很多领域是不对民企开放的，开放领域，就要允许民间资金投资高端领域，如金融、交通、通讯等。只有放开，才能让民企成为投资和经济发展的主体。

The second,More important is,For corporation open more areas.Because what can enter the existing areas are relatively small investment fields,There are many fields are wrong corporation open,Open field,Will allow the folk capital investment high-end field,Such as financial/traffic/Communication, etc.Only let go,To make corporation as the main body of investment and economic development.

　　三驾马车发生历史性变化

Troika historic changes

　　采访人：本报记者 熊建

Interview people:Our reporter XiongJian

　　解读人：北京大学副校长 刘伟

Reading people:Vice President of Peking University Liu wei

　　出口对经济未来增长的贡献恐怕也就保持在百分之零点几的水平上，消费的作用会稳步提高，投资的作用会有所降低

Export to economic future growth contribution I'm afraid also stays at a fraction of of the level,The role of consumption will be improved steadily,The role of the investment will be reduced

　　中国经济出现了一个新迹象。三驾马车的作用和结构发生了变化，出口需求对经济未来增长的贡献恐怕也就保持在百分之零点几的水平上，消费的作用会稳步提高，投资的作用会有所降低。

China's economy has shown signs of a new.Troika of function and structure changes,Export demand for economic future growth contribution I'm afraid also stays at a fraction of of the level,The role of consumption will be improved steadily,The role of the investment will be reduced.

　　从投资来说，2008年下半年反危机以来，中国固定资产投资的实际增速并不低。去年名义增速是20.6%，比2011年回落了3.4个百分点。关键问题是，2012年的通货膨胀率是2.6%，2011年的通货膨胀率是5.4%。剔除价格因素，实际上2012年的固定资产投资增速比2011年还略高一点。

From the investment for,Since the second half of 2008 against crisis,Chinese investment in fixed assets of the actual growth is not low.The name is 20.6% growth last year,More than 2011 fell 3.4%.Key problem is,2012 years of inflation rate is 2.6%,2011 years of inflation rate is 5.4%.Eliminate price factors,In fact 2012 fixed asset investment growth than in 2011 was a little also.

　　从消费来看，去年的社会消费品零售总额的增速和上年相比，从统计数据上看大体持平，但是剔除价格因素后，也是比上一年略有增加。

From the consumer to see,Last year's social total retail sales of consumer goods and the rate of growth of the previous year,From the statistical data on the same general,But to eliminate price factors,The previous year is also slightly increased.

　　正是因为这两个略有增加，使得2012年第四季度经济增长率达到了7.9%。这个7.9%意义非常重大。从2011年开始到2012年前三季度，连续7个季度经济增速下滑，去年第四季度才回升。这说明中国可能结束了连续7个季度的经济增速下滑，而回升的直接动力就是投资和消费在2012年的增速开始比上年略有提高。

It is because the two slightly increase,Make the fourth quarter of 2012 economic growth rate reached 7.9%.The 7.9% it is significant.Begin from 2011 to 2012 years ago in the third quarter,For seven consecutive quarter of decline of economic growth,The fourth quarter of last year before recovering.This shows that China may be over for seven consecutive quarter of decline of economic growth,Back up the direct power is investment and consumption in 2012 more than the previous year growth began to improve slightly.

　　从出口来看，2012年没有完成预定目标，对经济拉动的作用很微弱了。今后中国的出口增速要习惯个位数了。

From the outlet to see,In 2012 did not complete the intended target,To keep the economy effect is very slight.In the future China's export growth should be used to the singly.

　　2020年之前，中国经济增速大概保持在7%—8%比较合理。与之相适应，投资、消费、出口这三驾马车预计增速和过去相比要发生一个历史性的变化了。投资增速恐怕要逐渐有所收敛，未来会进入一个相对比较稳定的增长期，而消费在这个期间会稳中略有上升，但是增幅不会很大，因为中国消费需求疲软原因是很深刻的，短期克服也不容易。

2020 years ago,China's economic growth probably maintained at 7% - 8% more reasonable.And adapt to the,investment/consumption/Export the troika is expected to growth than in the past and will happen a historic has changed.I'm afraid to investment growth gradually have convergence,The future will enter a relatively stable growth,And consumption in this period will be steady increased slightly,But won't be a big increase,Because China's weak consumer demand reason is very profound,Short-term overcome also not easy.