China has grown for the last few decades on the back of export-led industrialization and a weak currency, which have resulted in high corporate and household savings rates and reliance on net exports and fixed investment (infrastructure, real estate, and industrial capacity for import-competing and export sectors). When net exports collapsed in 2008-2009 from 11% of GDP to 5%, China’s leader reacted by further increasing the fixed-investment share of GDP from 42% to 47%.
过去几十年以来，中国都是靠以出口为导向的工业化和弱势货币来实现增长，并因此催生了极高的企业和家庭储蓄率，以及对净进口和固定资产投资（基础设施，房地产以及来料加工和出口部门的生产能力）的依赖。当净出口金额从2008~2009年度的占GDP11%下降到5%的时候，中国领导人的应对措施就是将固定资产投资占GDP的比例从42%拉高到了47%。