我开始担心中国经济

<正>从表面上看,中国似乎在引领世界从衰退走向复苏。在2008年年末增长陷入实质上的停滞后,至少按照环比衡量,中国的经济增长在2009年春季急剧加速。根据粗略计算,2009年第二季度,中

I've been an Optimist on China,But I'm Starting to Worry

On the surface, China appears to be leading the world from recession to recovery.The bad news is that China's recent growth spurt comes at a steep price.Fearful that its recent economic short-fall would deepen, Chinese policymakers have opted for quantity over quality in setting macro-strategy, the centerpiece of which is an enormous surge in infrastructure spending funded by a burst of bank lending.