Author(s)

Yang Tian

Corresponding Author

Yang Tian

ABSTRACT

With the development of the economy, the virtual economy gradually reflects the dual impact on the real economy, that is, on the one hand, it promotes the development of the real economy. On the one hand, because of the excessive expansion of the virtual economy, the bubble economy has destroyed the stability of the real economy. Just like the financial crisis caused by the subprime mortgage crisis in the United States in 2008, it has caused great harm to the world economy. From the development of China in the past thirty years, the divergence between the virtual economy and the real economy is in a long-term expansion. This state will cause turbulence in the national economy, reduce the efficiency of resource allocation, block the development of the real economy and form a bubble economy. In this paper, the generalized money supply M2, GDP, Shanghai Composite Index and financial correlation rate are introduced to compare the virtual economy with the real economy, and some suggestions are put forward according to the current situation of our country in recent years.

KEYWORDS

Virtual economy, real economy, bubble economy, Shanghai Composite Index, financial correlation rate