The higher the ICOR, the less efficient the investment.

ICOR越高, 投资效率就越低.

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China's ICOR has been fairly stable over the past three decades.

中国的ICOR在过去三十年当中一直相当稳定.

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However, it is misleading to look at the ICOR for a single year.

然而, 但看某一年的ICOR会具有迷惑性.

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