中國經濟

China risks cementing its structural flaws
FT社評:中國經濟復甦仍有隱憂

An over-reliance on state investment persists
中國的經濟復甦是全球範圍內難得的亮點,但中國私人投資和公共投資之間的失衡可能危及其長期成長。

There is much to admire in China’s recovery. Between the second and third quarters, its economy expanded by 4.9 per cent. It is unique among the world’s largest economies in that the IMF expects it to avoid a contraction this year. That owes much to Beijing’s success in stamping out Covid-19, along with the country’s manufacturing prowess. Yet, digging into the numbers, the picture is not quite as rosy as it may seem.

中國的復甦有很多值得欽佩的地方。今年第三季度,中國經濟成長4.9%。中國在全球大型經濟體中是獨一無二的,因爲國際貨幣基金組織(IMF)預計今年中國將避免經濟收縮。這在很大程度上要歸功於中國遏制新型冠狀病毒肺炎(COVID-19,即2019冠狀病毒病)疫情的成功,以及中國的製造業實力。然而,如果深入研究這些數據,就會發現情況並不像看上去那麼樂觀。

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