The reality is that emerging markets that benefited after the 2008 crisis from China’s economic growth, rising commodity prices, and cheap foreign capital must now adjust to reversals in all of these factors. The necessary transitions for these markets will be complex, risky, and not entirely within their control.
现实是在2008年危机后受益于中国经济增长、大宗商品价格上涨和廉价外国资本的新兴市场现在必须适应所有这些因素的一齐逆转。这些市场的必要转型是复杂而危险的，它们自身未必能够完全掌控。