In the east, China, its growth model unsustainable, could be underwater by 2013, as its investment bust continues and reforms intended to boost consumption are too little too late. A new Chinese leadership must accelerate structural reforms to reduce national savings and increase consumption’s share of GDP; but divisions within the leadership about the pace of reform, together with the likelihood of a bumpy political transition, suggest that reform will occur at a pace that simply is not fast enough.
在东方，中国的增长模式是不可持续的，如果投资不振情况期许而提振消费的改革来的太晚、力度太轻，则可能将于2013年陷入衰退。中国新一届领导人必须加快结构性改革，降低国民储蓄，增加消费占GDP的比重；但领导人之间对改革节奏存在分歧，且政治权力的过渡可能并不平缓，这表明改革步伐可能跟不上需要。