LONDON – Most economists have a reason to be worried about China’s economy – whether it be low consumption and large external surpluses, industrial overcapacity, environmental degradation, or government interventions like capital controls or financial repression. What many fail to recognize is that these are merely the symptoms of a single underlying problem: China’s skewed growth model.
伦敦—大部分经济学家都有为中国经济担心的原因——消费不足和巨大的外部盈余啦，工业产能过剩啦，环境破坏啦，资本管制或金融抑制之类的政府干预啦，等等。很多人没有意识到的是，这些大多只是同一个根本问题的症候：中国增长模式存在缺陷。