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重估中国的债务负担

发自蒙特利尔——对于中国经济来说,有两个事实是得到外界普遍同意的。首先,经济放缓已经结束,增长有所抬头。其次,在经济上并非万事大吉,但对今后的走向却未有共识。

好消息是中国国内需求持续增长,3月的汽车销售额相比去年增长了近10%,第一季度的零售支出相比去年同期也提升了10%。

但最显著的增长依然是在投资方面。房地产投资在2015年雪崩之后重新抬头。工业投资方面也一路狂飙,尤其是国有企业。

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