The country’s new leaders speak earnestly of deepening reforms and rebalancing the economy, but they remain cautious, gradualist, and conservative by inclination. Moreover, the power of vested interests that oppose reform – state-owned enterprises, provincial governments, and the military, for example – has yet to be broken.
中国新领导人真诚地表示要深化改革，实现经济再平衡，但他们的举措是谨慎、渐近、保守的。此外，反对改革的既得利益——比如国有企业、省政府和军队——还有待破冰。因此，再平衡经济所需要的改革也许无法快速实施以防止（明年）投资泡沫破裂发生带来的硬着陆。