Buddha figures on wall

重整中华

发自伦敦——对中国的悲观情绪在最近几个月四处涌动,而对“中国崩溃”的忧虑自今年年初以来已经通过各大股市冲击了全球各国。看似几乎每个人都在做空中国。

人们很显然有足够的理由去忧虑:GDP增长大幅放缓;企业负债率创下历史新高;货币汇率下滑;股票市场极为动荡;同时资本正以惊人的速度流出国门。而问题是为什么发生这种情况,以及中国当局是否能在一切为时已晚之前解决这个问题。

流行——也是官方——的观点认为,中国正在向GDP增长放缓的“新常态”转变,转而由国内消费而非出口来支撑整个经济。和往常一样,有一系列经济研究成果来证明这一概念的正确性。但这种解释,虽然唾手可得,却只能提供虚假的安慰。

To continue reading, please log in or enter your email address.

To read this article from our archive, please log in or register now. After entering your email, you'll have access to two free articles every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/4Ox9q6d/zh;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.