China’s shift from low-income to middle-income status has been the largest and most rapid economic transition in world economic history. Yet, throughout this journey, doubts have been raised about its sustainability. Over the past two years, investors have been singularly focused on the sharp rise in China’s debt to GDP and the possibility of a financial shock.
中國從低收入國家轉變為中等收入國家是世界經濟史上最大規模、最迅速的經濟轉變。然而，在整個過程中，人們一直懷疑它能否持續。在過去兩年里，投資者聚焦于中國債務與GDP比例的急劇上升以及爆發金融危機的可能性。
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