There is no indication that the ratio will decline anytime soon, which is particularly worrisome, given the low profitability and high borrowing costs that China’s industrial enterprises face. Indeed, Chinese firms’ profitability amounted to just over 6% last year, with 2012 profits for China’s 500 largest (mostly state-owned) corporations barely exceeding 2%.
没有迹象表明这一比率会在短时间内下降，而这尤其令人担忧，因为中国工业企业面临着低盈利能力和高借贷成本。事实上，去年中国企业利润率仅为6%，前500大企业（大部分为国有企业）利润率勉强超过2%。