China is slowing down. After growing by more than 10 per cent a year for more than a decade, its economy is decelerating. Dreams of double-digit growth are over, as premier Wen Jiabao admitted last week to the Chinese leadership. Many analysts have therefore concluded that China needs monetary easing. They are wrong.
中國正在放慢腳步。在10多年來每年增長超過10%之后，中國經(jīng)濟(jì)正在減速。兩位數(shù)增長的美夢(mèng)已經(jīng)結(jié)束。國務(wù)院總理溫家寶上周就向中國領(lǐng)導(dǎo)層表達(dá)出了這種意思。因此很多分析師得出結(jié)論：中國需要放松貨幣政策。他們錯(cuò)了。
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