中国对建筑的迷恋

China’s Construction Fetish

当我们认识中国5860亿美元刺激计划的意义时．很想问为何每当需要促进增长时中国总是选择基础设施、建筑和大型项目。仅仅通过增加有形建设中国就应该或能够实现长期增长吗？如果停止或改变路线，中国现存的政治经济制度能适应这种转变吗？

As we digest the implications of China＇s $ 586 billion stimulus plan, it is intriguing to ponder why China chooses infrastructure,buildings, and big projects every time growth needs a boost. Should, or can, China achieve long-term growth only by adding physical structures？ If and when the time comes to pause or change course, will China＇s existing political-economic institutions accommodate such a transformation？