Some builders will experience problems with credit, and so might some local authorities. But spending by the central government is such a small percentage of the country’s total GDP that policymakers have a lot of room for maneuver if intervention becomes necessary in these areas.
诚然，房地产市场的景气已经过去了。但是，许多人对我说，这部分是政府有意压制的结果（另一个令人放心的事实是总体而言消费者并未过度负债）。一些建筑商将面临信用问题，一些地方当局亦然。但中央那政府支出占中国总GDP比重很小，如果有必要在这些领域进行干预，决策者拥有很大的动作空间。