For now, the Chinese economy, having received its cyclical dose of stimulus, should be okay. By the end of the year, however, the costs of the structural adjustment needed to shift China’s growth model away from investment demand could rise further.
目前，中国经济已经收到了其周期性刺激措施的成效，应该没什么大问题。然而到今年年底，用来把中国经济从依靠投资需求转型到其他增长模式的结构性调整所付出的代价可能会进一步增加。