Tourism venue in China

中国错觉

纽约—中国对其汇率盯住机制的管理仍在影响全球金融市场。关于人民币贬值的持续不确定性正在助长恐慌——通缩压力将席卷新兴市场,并严重打击利率已经达到或接近零水平(因此无法继续下降对抗输入性通缩)的发达经济体

但最近的汇率焦虑其实是另一个事实的症候:中国增长战略从出口拉动型转向内需推动型的过程远远不像人们希望的那样平稳。

对一些人来说,中国特色资本主义的美好前景仍然没有褪色。他们笃定地认为,在经历了三十多年国家引导的增长后,现在中国领导人知道如何扭转低迷的经济。

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