But, in an economy where debt has exploded to more than 200% of GDP, it is not easy to rein in growth gradually without triggering widespread failure of ambitious investment projects. Even in China, where the government has deep pockets to cushion the fall, one Lehman Brothers-size bankruptcy could lead to a major panic.
消费和生活品质需要提升，即便中国许多地区面临着日益尖锐的空气污染和水短缺问题。但是，在一个债务已膨胀至超过GDP的200%的经济中，逐渐降低增长而不导致宏伟投资项目大面积倒闭决非易事。即使是政府拥有大量财政余地抵御下跌的中国，雷曼兄弟规模的破产也会导致重大恐慌。