中国过于依赖负担过重的美国 消费者,与投资方面风险相比,中 国出口前景所面临的风险要更加迫 在眉睫。正在加剧的中国供应过 剩,越来越令人担忧,总投资比重 令人惊讶地达到占GDP的54％则 进一步证明了这一点。之前对中国 经济减速的判断,目前来看是错 了,但失衡的中国经济可能会在 2006年受到严峻的考验。 China relies too much on overburdened U.S. consumers, and the risks facing China’s export prospects are more pressing than investment risks. The worsening oversupply in China, which is increasingly worrying, is further evidenced by the surprising 54% share of GDP in total investment. Judging from the previous deceleration of China’s economy, the current situation is wrong, but the unbalanced economy in China is likely to be severely tested in 2006.