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过去40年,在金融、货币和贸易的推动下,全球实体经济发生了巨大的结构变化,从根本上改变了我们对全球经济关联的结构的理解。各个国家在全球经济中的变化、政策不一样,使其在全球经济和金融中的地位也发生了根本变化。全球增长的重心正在从发达国家转向新兴经济体。未来5到10年,这一趋势将继续进行。同时,新兴经济体也面临着巨大的挑战。在未来的全球经济增长中,相当程度上将受约束于债务过高和对债务去杠杆化的管理过程。
The tremendous structural changes that have taken place in the global real economy over the past 40 years, driven by finance, currency and trade, have fundamentally changed our understanding of the structure of global economic relations. The changes and policies of various countries in the global economy are not the same, causing their fundamental changes in the global economy and financial status. The focus of global growth is shifting from developed countries to emerging economies. In the next five to 10 years, this trend will continue. At the same time, emerging economies also face huge challenges. In the future, global economic growth will be constrained to a considerable extent by the management process of over-indebtedness and deleveraging of debts.