The announcement of China’s gross domestic product figures this week hinted at the unwinding of the greatest growth narrative in history. From 1980 to 2009, China expanded by an average of 10.1 per cent annually, transforming the world’s most populous country into its second-largest economy. Now though – Chinese officials said as they announced the slowest quarterly GDP growth rate since the global financial crisis – we should prepare ourselves for a “new normal” of slower expansion. This anodyne expression, however, camouflages an unsettling reality: there is nothing normal about the vast pit of debt from which China must struggle to emerge.
manbetx3.0 本周发布的国内生产总值(GDP)数据，暗示着历史上最伟大的增长故事正在走向结局。从1980年到2009年，manbetx3.0 manbetx20客户端下载 以年均10.1%的速度增长，让manbetx app苹果 人口最众多的国家成长为manbetx app苹果 第二大manbetx20客户端下载 体。现在，manbetx3.0 官员在宣布自manbetx app苹果 金融危机以来最低的GDP季度增长数据时表示，要对较低增长的“新常态”做好准备。然而，如此淡定平和的表述掩盖了一个令人不安的现实：manbetx3.0 现在的债务大坑绝不应该成为常态，它必须奋力从中跳出来。