中文摘要：

我国经济转型期的重要特征是宏观经济周期性波动和经济粗放增长．其根源是与地方政府行为相联系的高投资率。高投资率、低消费率集中反映了我国经济结构的失衡，高投资率反映了地方政府主导经济和市场发育进程受到抑制，经济主要依靠投资拉动增长；高投资率会导致宏观经济不均衡、经济粗放增长。转变政府职能、提高消费率成为经济增长方式由粗放式向集约式转变，宏观经济均衡运行，实现经济可持续增长的根本途径。

英文摘要：

An important character of China＇s reforming process is the periodic fluctuation of macro-economic cycle and extensive economic growth, the origin of which lies in the government behavior and the corresponding high investment ratio in the national economy. The high capital formation ratio and low consumption ratio in economic growth reflects the conflicting in China＇s economic structure, the high capital formation ratio also reflects the strong desire to push economic growth of local government in China and the corresponding restrained market progress, also reflects the fact that the national economic increase relies on a persistent rise in the investment ratio. The fluctuation of macro-economic cycle and extensive economic growth is the result of high investment ratio. To promote the stabilization of macro-economic cycle moving and intensive economic growth depend on changing government＇s functions and raising the consumption ratio.