But growth was driven by financial leverage and overinvestment.

但是这种增长是源自于举债投资和过度投资.

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But concerns about overinvestment are exaggerated.

但对于过度投资的忧虑被夸大了.

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The ensuing monetary creation is fuelling rising inflation, systematic overinvestment and an overextended banking system.

因此产生的货币创造正在促成通胀上升 、 系统性过度投资以及银行体系压力过大.

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But across the economy as a whole, concerns about overinvestment tend to be exaggerated.

但是纵观中国经济全局, 过度投资的担忧有些被夸大了.

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Chronic overinvestment has, it is argued, resulted in vast excess capacity and falling returns on capital.

据称, 长期的过度投资导致了大规模的产能过剩,以及资本盈利率的减少.

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