While the debate about China’s near-term outlook should hardly be trivialized, the far bigger story is its economy’s solid progress on the road to rebalancing – namely, a structural shift away from manufacturing and construction activity toward services. In 2014, the services share of Chinese GDP hit 48.2%, well in excess of the combined 42.6% share of manufacturing and construction.
关于中国近期前景的争论很重要，但比这个问题大得多的问题是中国经济稳步迈向再平衡——即从制造业和建筑业活动向服务业的结构转变。2014年，服务业占中国GDP比重达到了48.2%，远超制造业和建筑业之和（42.6%）。并且差距在继续扩大——2015年上半年服务业活动同比增长8.4%，远超制造业和建筑业的6.1%。