The revelation that China plans to build its first aircraft carrier to boost its maritime power, coupled with other demonstrations of greater political assertiveness, has important implications, including for macroeconomic management. In the coming year, China’s leaders face big decisions as signs of overheating of the economy become apparent, and with increasing pressure to reboot the country’s development model. But politics in China mean responses to these challenges will be enigmatic and uncertain.
中國計劃建造第一艘航空母艦以增強海軍實力，再加上其它凸顯政治自信提高的跡象，這一切都有著重要涵義，包括對於宏觀經濟管理。未來一年，隨著經濟過熱的跡象逐漸明顯，隨著調整發展模式的壓力不斷上升，中國領導人將面臨重大決定。但中國的政治現實意味著，對這些挑戰的回應將是晦澀而不確定的。
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