Another key challenge concerns China’s slumping property sector, in which construction and prices dropped rapidly last year. If highly leveraged developers are under stress, they could produce non-performing loans – and thus considerable risk – in both the traditional and shadow banking sectors.
另一大关键挑战是房地产部门衰退。去年，房地产建设和价格均大幅下降。如果高杠杆开发商陷入压力，传统和影子银行部门都可能出现不良贷款——从而发生巨大风险。