But the economic and social costs are very high. Local governments are saddled with a mountain of debt and wasted investments, banks accumulate risky loans, and farmers lose their land.
这些官员因此获得了升职，因为他们实现了迅速的GDP增长。但因此产生的经济和社会成本都非常高昂。各地方政府都背负着堆积如山的债务和无效投资，银行里坏账不断增加，而农民们则失去了土地。