BEIJING – Earlier this year, rumors of China’s impending financial doom – triggered by either a housing-market crash or local-government debt defaults – were rampant. But, in recent months, the economy has stabilized, leaving few doubts about China’s ability to grow by more than 7% this year.
北京—今年早些时候，关于中国马上就要因为房地产市场崩溃或地方政府债务违约而爆发金融崩溃的传闻日嚣尘上。但是，最近几个月来，中国经济趋向稳定，已无多少人怀疑中国有能力在今年保持GDP增长7%以上。中国政府有充足的政策干预空间，因此如此转折并不令人奇怪。但金融清算的时刻只是被暂停了，而没有被消除。