当前,决定经济下行的长期因素并没有发生根本改变,中国的经济下行趋势就不会结束。目前的经济反弹,更多的是反映着政府增加投资和贷款供给的效果,对经济来说仍是外生因素,而不是内生性的需求增长。因此,如果没有推进城市化和调整分配关系的根本措施出台,中国经济的触底反弹时刻就不可能到来。 At present, the long-term factor that determines the economic downturn has not fundamentally changed. The downturn in the economy in China will not end. The current economic rally is more about the government’s effect of increasing investment and loan supply. It is still an exogenous factor to the economy, not an endogenous increase in demand. Therefore, without the introduction of fundamental measures to promote urbanization and the adjustment of distribution, it is impossible for the economy to bottom out.