摘要
OVER the last 30 years,perhaps the most significant capital that the Chinese government has accrued is not the trillions of dollars worth of foreign exchange reserves in its central bank,or the value of fixed assets that so much investment has gone into.The most important capital it owns is in the form of reputation capital with the public,gained through the continuously brisk GDP growth since 1980.Like a
OVER the last 30 years,perhaps the most significant capital that the Chinese government has accrued is not the trillions of dollars worth of foreign exchange reserves in its central bank,or the value of fixed assets that so much investment has gone into.The most important capital it owns is in the form of reputation capital with the public,gained through the continuously brisk GDP growth since 1980.Like a saver depositing cash in the bank, throughout this period the Chinese government has been converting GDP into public confidence and saving that.
