Despite all the talk about the coming shift to internal demand, China remains heavily dependent on exports and external demand as major drivers of economic growth. It is not a coincidence that its last two slowdowns followed closely on the heels of growth slumps in its two largest foreign markets, Europe and the United States.
尽管有很多关于中国将来会转向内需导向的说法，中国现在依然严重依赖出口和外部需求——这是其经济增长的主要动力。中国最近两次经济减速都紧随其最大的两个国外市场——欧洲和美国——的经济衰退之后，这可并不是巧合。就像2009年初的软着陆发生在美国引发的可怕危机后那样，最近一次的软着陆则紧跟在欧洲主权债务危机之后。