中國經濟

The road to nowhere-part two
中國經濟駛向何方?(下)


爲了引導中國經濟擺脫對投資的過度依賴,中國政府進行了多管齊下的努力,但目前爲止,改革至多只是小修小補。中國目前面臨再次走上老路的危險,這條老路,就是幾個月前中國總理溫家寶所說的「死路」。

The government has consistently talked about its objective of reining in investment and encouraging consumption to make growth more sustainable. In practice, though, investment grew from about 32 per cent of GDP in 1990 to about 49 per cent last year, a record high. In the 1970s, during its high-growth era, Japan barely hit 40 per cent.

(續前)

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