目前中國的投資佔GDP比重較全球平均水平高出約20個百分點,而居民消費支出則低出約20個百分點。分析人士指出,這種由國家主導、債務驅動的發展模式正在製造工業產能過剩,並在對外造成貿易摩擦的同時,在國內形成通縮壓力。
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“That is how much money companies are spending to pay humans,” he said. “And the major transition here is they don’t want to be paying those humans. They actually never did.”