In short, many investors are nervous because China’s future growth story is unclear to them. It is certainly less clear than the previous story, which cannot be retold.
简言之，许多投资者之所以紧张，是因为中国的未来增长故事不够清晰。毫无疑问，和过去比起来，未来的增长故事的确要模糊一些，但往日不可追矣。