长期简单思维的另一端所面临的困境无法避免地到来了。当审慎地面对数据时,增长率可能已大大低于我们习惯的以往。但我们必须承认,即便如此,那数据放在除中国之外的任何一个经济环境中,都是可以被人羡艳的。在三十年的突飞猛进之后,我们不得不进入一个平缓的增长期,且可能延续到尚能可见的将来。在连续的货币宽松和猛烈的投资刺激之下,需求侧 The plight of the other side of long, simple thinking inevitably comes. When cautiously facing the data, the growth rate may have been significantly lower than we used to. But we must admit that, even then, the data can be envied in any economic environment except China. After three decades of rapid growth, we have had to enter a period of moderate growth and may continue into the foreseeable future. Under continuous monetary easing and aggressive investment stimulus, the demand side