低消费、高投资态势内在决定于居民部门以消费者自身偏好为基础的消费储蓄行为。对此,政府的调控政策只具弱有效性。对消费-投资比例的调整不应成为宏观调控的直接目标,这并不妨碍对投资短期异常波动的平抑。当前,尽管存在投资过热的威胁,但从长远战略看,对消费和投资还应采取“双鼓励”政策。 Low consumption, high investment situation inherent in the residential sector to consumers' own preferences as the basis of consumer savings behavior. In this regard, the government's control policy is only weakly effective. The adjustment of the consumption-investment ratio should not become the direct target of macro-control and this does not prevent the stabilization of short-term abnormal fluctuations in investment. At present, despite the threat of overheated investment, in the long run, a policy of “double encouragement” should be adopted for consumption and investment.