China’s economy is changing. Indeed, it has to change, as I argued two weeks ago (“How to blow away China’s gathering storm clouds”, 20 March 2012). The good news is the scale of the external rebalancing. The bad news is that this is at the cost of larger internal imbalances.
中國(guó)經(jīng)濟(jì)正處于變革之中。如我在兩周前所言（見FT中文網(wǎng)2012年3月22日文章《中國(guó)改革攻堅(jiān)之戰(zhàn)》），中國(guó)經(jīng)濟(jì)確實(shí)需要變革。好消息是，中國(guó)經(jīng)濟(jì)的外部再平衡成績(jī)斐然。壞消息是，這一成績(jī)是以內(nèi)部失衡加劇為代價(jià)取得的。
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