If the Chinese government fails to reverse this trend, a financial crisis – in one form or another – will become inevitable. But, given the authorities’ broad scope for policy intervention, the crash will not come anytime soon – if it comes at all.
如果中国政府不能扭转这一趋势，金融危机——不管以何种形式——就将难以避免。但是，考虑到当局有很大的政策干预余地，即使不能完全排除崩溃的可能，短期也不太可能发生崩溃。