投资 — — 主要由容易获得银行融资的地方政府和国有企业进行 — — 占GDP的比重暴增到45 % ， 且主要集中在基础设施和房地产开发项目，这和中国的长期城市化战略是一致的。
Investment, mainly by local governments and state-owned companies with easy access to bank financing, soared to more than 45% of GDP, and, consistent with China’s long-run urbanization strategy, was concentrated in infrastructure and property-development projects.