Most Western commentators continue to over-simplify this debate, framing it in terms of the proverbial China hard-landing scenarios that have been off the mark for 20 years. In the wake of this summer’s stock-market plunge and surprising devaluation of the renminbi, the same thing is happening again.
大部分西方评论家一直将这一争论过度简化，将其组织为众所周知的中国硬着陆论。这一论调至少已经存在了20年。今年夏天，当中国股市暴跌、人民币意外贬值时，同样的论调再一次兴盛起来。但是，我认为担心中国爆发全面衰退是杞人忧天。