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全球金融市场犯了一个致命的错误:人们认为由于中国经济的迅猛发展,中国价格将会抬升国际市场价格。我认为相反,国际市场价格很可能将因为中国的发展而下降,因为中国经济发展迅速吸引了全球公司从中国的低成本中套利。
Global financial markets have made a fatal error: People think that because of the rapid economic development in China, the price in China will uplift the prices in the international market. On the contrary, I think the international market price is likely to decline due to China’s development because China’s rapid economic development has drawn global companies to arbitrage from the low cost of China.