<p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;"><img alt="QQ截图20150927101709" src="http://posts.cdn.wallstcn.com/1f/41/5d/qq-20150927101709.jpg!article.foil" style="box-sizing: border-box; vertical-align: middle; max-width: 100%; display: block;" /></p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">高盛最高层为中国经济转型开出了一张药方：中国需要再投资经济，而其过程可能是漫长且痛苦的。</p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">在高盛网站发布的<a href="http://www.goldmansachs.com/our-thinking/pages/china-an-economy-in-transition.html?cid=tw-pa-chieco-2" style="box-sizing: border-box; color: #0078d2; text-decoration: none; cursor: pointer; background: 0px 0px;">视频</a>中，包括首席执行官Lloyd Blankfein在内的四位高管畅谈了中国经济如何实现转型。</p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">他们认为中国需要转型进入“<span style="box-sizing: border-box; font-weight: 700;">资本-消费”驱动经济模式——但这将会一个缓慢并且渐进的过程。</span></p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">高盛亚太区主席Mark Schwartz称：</p><blockquote style="box-sizing: border-box; padding: 0.6em 1em; margin: 0px 0px 30px; font-size: 17.5px; border-left-width: 0.4em; border-left-style: solid; border-left-color: #cad4f2; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; line-height: 28px; background: #f0f0f0;"><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">中国目前的增长策略“<span style="box-sizing: border-box; font-weight: 700;">低效配置了资本和资源</span>”，“<span style="box-sizing: border-box; font-weight: 700;">对私有化关注不够，而更看重国有企业</span>”。</p></blockquote><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">高盛全球顾问主席Robert Zoellick称：</p><blockquote style="box-sizing: border-box; padding: 0.6em 1em; margin: 0px 0px 30px; font-size: 17.5px; border-left-width: 0.4em; border-left-style: solid; border-left-color: #cad4f2; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; line-height: 28px; background: #f0f0f0;"><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">着眼未来，中国需要一个“更可持续的发展模式”，即便这么做会“导致增速相比过去慢一些。”<span style="box-sizing: border-box; font-weight: 700;">这个转型不是一个季度，或者一两年可以实现的。</span></p></blockquote><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">高盛首席执行官Lloyd Blankfein认为，可持续增长要求中国实施结构改革，比如发展资本市场，向机构投资文化转变。这么做能够<span style="box-sizing: border-box; font-weight: 700;">“纠正过去不可避免犯下的错误。”</span></p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">Blankfein解释称这部分意味着，中国需要创造一种商业文化，<span style="box-sizing: border-box; font-weight: 700;">即能够较简便的回收淘汰失败企业的商业文化。</span></p><blockquote style="box-sizing: border-box; padding: 0.6em 1em; margin: 0px 0px 30px; font-size: 17.5px; border-left-width: 0.4em; border-left-style: solid; border-left-color: #cad4f2; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; line-height: 28px; background: #f0f0f0;"><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">“如果你做生意办企业……没人用它，收入不能覆盖费用。如果你无法支付费用，债务无法清偿，那么这时候银行可以来接管，然后低价清理这些债务，你就可以脱身出局”。</p></blockquote><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">世行一直呼吁中国需要减小政府在国企中所起的作用，警告否则中国经济增长将进一步放缓。</p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">Blankfein称：</p><blockquote style="box-sizing: border-box; padding: 0.6em 1em; margin: 0px 0px 30px; font-size: 17.5px; border-left-width: 0.4em; border-left-style: solid; border-left-color: #cad4f2; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; line-height: 28px; background: #f0f0f0;"><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">“这是一个关于如何引导的难题，这也是关于执行的难题。我绝对相信中国领导层明白问题所在。”</p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">“换句话说要实施起来，这将是一个<span style="box-sizing: border-box; font-weight: 700;">非常、非常、非常困难的任务</span>。对中国而言，这不会是平稳、轻松的过程，对任何国家而言从来都不会是。”</p></blockquote><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">Blankfein称：</p><blockquote style="box-sizing: border-box; padding: 0.6em 1em; margin: 0px 0px 30px; font-size: 17.5px; border-left-width: 0.4em; border-left-style: solid; border-left-color: #cad4f2; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; line-height: 28px; background: #f0f0f0;"><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; font-size: 16px;">“可能未来100年中国都将为全世界贡献增量需求，全世界都将指望中国为许多、许多国家提供经济支持；<span style="box-sizing: border-box; font-weight: 700;">然而这并不意味着未来每一年都属于中国。</span>”</p></blockquote><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">上周Blankfein罕见发言<a href="http://wallstreetcn.com/node/223672" style="box-sizing: border-box; color: #0078d2; text-decoration: none; cursor: pointer; background: 0px 0px;">对中国不再那么乐观态度</a>，而本周初突然高盛Blankfein罹患<a href="http://wallstreetcn.com/node/223892" style="box-sizing: border-box; color: #0078d2; text-decoration: none; cursor: pointer; background: 0px 0px;">“高度可治愈淋巴癌”</a></p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">他认为中国监管层在救市期间显得“笨手笨脚”，批评中国不惜代价瞄准10%的经济增长，不惜把冒烟的工厂建在城市中心。</p><p style="box-sizing: border-box; margin-bottom: 30px; padding: 0px; color: #333333; font-family: Tahoma, \’Microsoft YaHei\’, \’Hiragino Sans GB\’, \’WenQuanYi Micro Hei\’, sans-serif; font-size: 16px; line-height: 28px; background-color: #ffffff;">高盛维持中国今年实际GDP增长6.8%的预测，但将2016、2017和2018年的GDP增速预期分别下调至6.4%、6.1%和5.8%。</p>