While China’s GDP has risen by about 70%, making it the largest contributor to global growth, this was aided substantially by debt-fueled investment. And, indeed, as that stimulus wanes, the impact of inadequate advanced-country demand on Chinese growth is becoming increasingly apparent.
2008年以来，发达经济体真实（经通胀调整的）累计增长只有5—6%。中国GDP增长了70%左右，是全球增长的最大贡献者，但在很大程度上受到债务助长的投资的推动。而事实上，随着这一刺激因素的消失，发达国家需求不足对中国增长的影响已经越来越明显。