Continuing down the investment-led growth path will exacerbate the visible glut of capacity in manufacturing, real estate, and infrastructure, and thus will intensify the coming economic slowdown once further fixed-investment growth becomes impossible. Until the change of political leadership in 2012-2013, China’s policymakers may be able to maintain high growth rates, but at a very high foreseeable cost.
继续沿着这条投资导向的道路走下去将使已经暴露出来的制造业，房地产和基础设施产能饱和现象进一步恶化，并将在固定资产投资增长无法继续扩大的情况下加剧未来的经济放缓。但直到领导层在2012-2013年换届之前，中国的政策制定者们都将继续在罔顾巨额未来成本的情况下维持一个高增长率。