Commercial and high-end residential investment has been excessive, automobile capacity has outstripped even the recent surge in sales, and overcapacity in steel, cement, and other manufacturing sectors is increasing further. In the short run, the investment boom will fuel inflation, owing to the highly resource-intensive character of growth.
商业和高级住宅方面的投资早已过剩，汽车的产能即便在最近的销售热潮中也已经过量了，钢铁，水泥和其他制造部门的产能过剩问题也在不断恶化。在短期内，这场投资繁荣将刺激通货膨胀，这是源自于其高度资源密集型的增长特点。但过剩的产能将无法避免地带来严重的通货紧缩压力，而制造业和房地产部门则首当其冲。