It is simply wrong for a developing country with per capita income of $5,000 to concentrate its resources on producing concrete and cement. Although a significant decline in real-estate investment will have a very serious negative impact on China’s growth – &#160;which can and should be prevented – as long as the fall is not too drastic, it is a welcome development.
作为人均收入不到5000美元的发展中国家，将资源集中在钢筋水泥上肯定是错误的。尽管房地产投资的大幅下降会给中国的经济增长带来严重负面影响——这一点可以也应该预防——但只要跌幅不是太猛，对中国就是利大于弊的。