SHANGHAI – Many people are profoundly pessimistic about the Chinese economy’s growth prospects, owing to the emergence of massive debt, excessive investment, overcapacity, and so-called “ghost cities” since the 2008 global financial crisis. But these problems are not new.
上海—许多人对中国经济的增长前景感到十分悲观，因为大规模债务、过度投资、产能过剩以及2008年全球金融危机以来的所谓“鬼城”逐渐出现。但这些问题都不是新问题。自1978年以来，它们就以各种方式影响着中国经济，东亚的其他高增长经济体——台湾、韩国甚至日本——在快速增长时期也无不遇到过这些问题。