Something is somewhat amiss in China. As export markets stuttered in the aftermath of the financial crisis, the country turned to credit to fuel its growth. Total debt owed by Chinese households, companies and governments now stands at almost 200 per cent of gross domestic product, up from 130 per cent in 2008. Much of this has been squandered. In this week’s three-part series, the Financial Times reports vividly on the unused factories, unfinished roads and unlived-in apartments that are the economic detritus left behind by the binge.
中國的某個(gè)方面出問題了。金融危機(jī)之后出口受阻，于是中國開始通過信貸來刺激增長。中國家庭、企業(yè)、政府背負(fù)的總債務(wù)與國內(nèi)生產(chǎn)總值(GDP)之比從2008年的130%增加到現(xiàn)在的將近200%。而大部分舉債得來的資金都被揮霍了。在本周包含三個(gè)部分的系列文章中，英國《金融時(shí)報(bào)》生動(dòng)報(bào)道了閑置的工廠、未修完的道路、空置的公寓，這些都是恣意借債留下的經(jīng)濟(jì)碎屑。