Ironically, China’s juggling act may prove even more difficult for the authorities to pull off in a market-based, consumer-oriented system. Caught in the transition from China’s tightly controlled, state-directed model, the government seems to be waffling – for example, by stressing a decisive shift to markets, only to intervene aggressively when equity prices plummet.
讽刺的是，在一个以市场为基础、以消费为导向的体系中，中国当局可能更加难以同时推进多重目标。中国政府忙于从中国严格控制、国家主导的模式中转型，思维混乱——比如，强调要决定性地向市场转变，但当股价崩盘时又大手笔干预。类似地，中国采取更加市场化的外汇机制，但又引导人民币贬值。