增长率下降的原因在于支持经济增长的驱动力发生了变化。驱动经济增长的动力不外3个:劳动力投入、资本的投入,生产率的提高。另外就是支持高速增长的最主要因素——海量投资搞了这么多年以后,在各方面造成的后遗症就积累得越来越多。其中最突出的表现就是国家的资产负债表中的债务积累,使得负债率杠杆变得很高。需要确立一个思想,就是靠政府放水、靠海量投资、靠野蛮式的增长赚“快钱”这种日子肯 The reason for the declining growth rate is that the drivers of economic growth have changed. There are only three motivations for economic growth: labor input, capital investment, and productivity growth. In addition, the most important factor in supporting rapid growth is that after so many years of massive investment, more and more sequelae have been accumulated in various fields. One of the most prominent manifestation of this is the accumulation of debts in the country’s balance sheet, which makes debt-leverage more expensive. Need to establish an idea is to rely on the government water, rely on massive investment, by barbaric growth to earn “quick money ” this day willing