HONG KONG —China’s gross domestic product grewat its slowest pace since 2009 in the fourth quarter, a development that is unlikely toreassure investors that all is well in the world’s second-largest economy.
香港——中國第四時度海內臨盆總值(GDP)增速到達自2009年以來的最低速，這一增速不太大概使投資者們放心，以為天下第二大經濟體統統順遂。
The economy grew at a 6.8 percent pace in the fourth quarter, official data released Tuesdayshowed — slightly slower than the 6.9 percent rate economists had forecast and the slowestexpansion since March 2009. For the full year, the economy grew 6.9 percent, just below thegovernment’s target.
官方於周二宣布的數據表現，中國第四時度GDP增速為6.8%，略低於經濟學家此前預估的6.9%，這是2009年3月以來的最低增速。2015年整年，中國經濟增速為6.9%，恰好低於當局目的。
Investors have been on edge in recent weeks amid renewed turmoil in China’s stock andcurrency markets, the results of unexpected policy moves by Beijing.
近幾周，因北京使人不測的政策辦法致使中國股市及匯率市場再次湧現動蕩，投資者覺得重要不安。
In previous years, when China’s economy was smaller and less connected to the rest of theworld, investors tended to shrug off such mixed signals. But the concern now is that misstepscould have global consequences, as the leadership in Beijing seeks to manage a precariouseconomic slowdown and curtail the country’s reliance on debt-fueled growth.
幾年前，傍邊國經濟體量較小、與國際接洽較少時，投資者曾對這類不明白的旌旗燈號漫不經心。但今朝的擔心在於，當北京政府試圖掌握傷害的經濟減速，削減中國對債務推進經濟增加的依附時，他們的失誤大概造成環球性的效果。
“While China’s economy has become already very large, more complex, more private-sectordriven, and more connected to the rest of world, the governance structure, policycommunication, policy operation, and implementation have not changed much,” Li-Gang Liu,the chief economist for greater China at the Australia and New Zealand Banking Group, wrote inan email. “These mismatches will mean that more risks and shocks could originate from Chinaand affect the rest of the world in the coming years.”
“固然中國經濟的總量已變得很大，構造也更龐雜，愈來愈由私營企業動員，與天下經濟的接洽也日益慎密，但當局構造、政策相同、運行與實行卻沒有太大的轉變。”澳新銀行(Australia and New Zealand BankingGroup)大中華區首席經濟學家劉利剛(Li-Gang Liu)在一封郵件中稱，“這些不調和將象征著中國大概會發生更多的危害和震撼，在將來幾年內波及天下。”
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