朱海滨

不过，摩根大通（jpmorgan）经济学家朱海滨认为，将这种扭曲现象抛开不看，物价应将出现稳步上升，这种趋势也已经影响到政策。

Beyond that distortion , though , prices should move steadily higher , said Zhu Haibin of JPMorgan , and that trend has already started to influence policy .

摩根大通（J.P.Morgan）经济学家朱海滨称，去年中国房地产业的投资占全国固定资产投资总额的比例为25%。

That compares with real-estate taking 25 % of total fixed-asset investment for all of China last year , according to J.P. Morgan economist Zhu Haibin .

深圳安信证券分析师朱海滨说对未来持续通货膨胀的预期也推动了家庭财产的变化。

The change in household assets was also being driven by an expectation for continuing inflation , said Zhu Haibin , analyst with the Shenzhen-based Essence Securities .

朱海滨写道，如果中国希望在降低过剩产能的同时又保持相对较高的增长率，则恢复生产率是关键。

' Restoring productivity is critical , ' for China if it wants to work down overcapacity while maintaining a relatively high growth rate , Mr. Zhu wrote .