Yes, there are bubbles here and there, whether it is real estate in Shanghai and Dubai or stocks in Mumbai, but there has also been serious long-range planning that is likely to give these countries a strong position for years to come. Even China, which is trying to shift its economy more toward consumption in order to reduce its dependence on capital spending, has put in place an infrastructure of roads, power grids, ports, and railways that will serve its domestic economy for decades.
是的，许多地方都有泡沫，无论是上海和迪拜的房产还是孟买的股票，但同时也有严肃认真的长期计划，可能使这些国家在未来若干年内都处于强势。就连正在试图实现经济向消费领域转变，以减少对资本支出依赖的中国，也已经建好了由道路、电网、港口和铁路组成的可以满足未来几十年国内经济需求的基础设施。同时，中国还可以利用高达两万亿美元的外汇储备，作为美国和全球经济低迷的缓冲器。中国的经济或许会随着向美国和欧盟出口的减少而放缓，但它对这些市场的依赖程度远远小于多数人的预期。