But not all Chinese economists agree. They argue that capital stock is the key factor for growth, and that China’s per capita capital stock is still low relative to developed countries, which implies considerable scope for further investment.
当局的官方口径是中国的增长模式需要减少投资、增加消费。但并非所有中国经济学家都同意这一点。他们认为资本存量是增长的关键因素，而中国的人均资本存量相对发达国家仍然很低，这意味着未来投资空间很大。