Has China’s period of relatively rapid economic growth come to an end? That was the focus of last week’s column. The answer, I argued, was that it still had the potential to catch up on the living standards of the world’s richest countries, because it is relatively poor. But this does not mean it will do so. It confronts big obstacles to continuing success. In this column, I will address one of the most important such obstacles: “underconsumption”.
中國經濟相對較快增長的時期是否已經結束？這是本專欄上周文章的焦點。我認為，答案是中國仍有潛力趕上世界最富裕國家的生活水平，因為它現在仍然相對貧窮。但這并不意味著它一定會趕上。它在延續成功方面遇到巨大障礙。在以下本周專欄文章中，我將分析最重要的此類障礙之一：消費不足。
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