Statistics announced on Wednesday do much to challenge the view that sub-par Chinese consumer spending is to blame for the sluggish rebalancing of the world’s second largest economy away from an over-reliance on investment. For too long this opinion has obscured the crucial truth that China is actually host to the world’s best consumer story.
週三公佈的統計數據,讓以下觀點很難站住腳:全球第二大經濟體擺脫過度依賴投資的再平衡過程之所以進展緩慢,原因就在於消費支出水準較低。太長時間以來,這個觀點掩蓋了一個至關重要的真相:中國事實上擁有全球最佳的消費故事。
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