更多的政策刺激对中国经济的发展未必是好事

2014-09-25 15:11:48来源：可可英语

　　But in spite of this joyful jump from financial instruments, more stimulus is not necessarily agood thing for China. It perpetuates the reliance on low-grade means of pumping up growth.And it is not sustainable. China wants markets to play a more decisive role in the economy. Itknows that freer markets are necessary to aid rebalancing.

　　然而，虽然金融工具出现喜人涨势，更多的刺激对中国未必是好事。它延续了对促进经济增长的低质量手段的依赖，而且是不可持续的。中国希望市场在经济中扮演更为决定性的角色。它知道更自由的市场对推动再平衡是必要的。

　　So maybe the market is wrong. In two weeks, China celebrates national holidays. Its citizensget on the road for one of the largest annual human migrations. Shops have Golden Weeksales. The demand for cash jumps. So the PBOC’s move may just be as short-term as thethree-month tenor implies. Craftily, with this manoeuvre, China does not need to commiteither way.

　　也许市场反应是错的。两周后，中国将迎来国庆假期。中国人将踏上路途，进行每年最壮观的人类迁徙之一。商店将展开黄金周促销活动。对现金的需求猛增。所以，中国央行此举可能是临时性的，就像3个月期限所暗示的那样。中国官方此举巧妙避免了在刺激和不刺激之间的任何一方面作出承诺。

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