In late 2009, within a year of their massive policy stimulus in response to the global credit crisis, the Chinese leadership, I believe, decided that 10% annual real growth had outlived its usefulness. Income inequality was rising dramatically, environmental damage was worsening rapidly, and inflation was leading to weak real-income growth for poor households.
而中国之所以会以7-8%的速度增长，在一定程度上来说就是政策制定者所决定的增长率。在2009年年末，在为应对全球信贷危机实施了一整年的大规模政策刺激之后，我相信中国的领导层认为10%的年实际增长率已经是弊大于利了。收入差距显著上升，环境破坏迅速恶化，而通货膨胀则导致贫困家庭的实际收入停滞不前。