The trouble is that the reasons the Chinese save so much and consume so little are structural. It will take two decades of reforms to change the incentive to overinvest.
但问题是中国人之所以乐于储蓄而不愿消费，是有其结构性原因的。而要扭转这一过度投资的诱因，可能需要整整20年的改革。