Likewise, the Chinese government must address a fundamental contradiction. Monetary interest rates have increased steadily, owing to rampant regulatory arbitrage (whereby banks find loopholes that enable them to avoid unfavorable rules) and the fragmentation of the credit market, while return on capital has fallen rapidly because of overcapacity.
类似地，中国政府必须纠正一个基本矛盾。由于监管套利肆虐（银行借此寻找漏洞规避不利规则）和信用市场分裂，货币利率稳步上升，与此同时，产能过剩却让资本回报快速下降。