For example, this summer’s stock-market crash was widely viewed as a natural correction, because equity prices – driven largely by government interventions – had risen over the previous year far above what economic fundamentals merited. Nonetheless, when prices collapsed, the government moved fast, suspending trading of a substantial number of stocks and pursuing price-keeping operations that resembled those pursued by Japan in the 1990s.
这并非第一次或唯一一次中国利用中央计划贯彻短期方案，上述方案未能带来——在某些情况下甚至阻碍了——长期的进步。比方说今年夏天的股市崩盘被普遍视为一种自然修正，因为股票价格——主要由政府干预驱动——较之去年的上涨幅度远远超过了经济基本面的支撑。但股价暴跌时，政府迅速行动，暂停了相当数量的股票交易，并采取了类似日本20世纪90年代所采取的价格保护行动。