In short, the biggest risk to China’s continued development is not a crisis, but the failure of its political leaders and intellectual elites to recognize the need to transform a growth strategy that has proved successful so far. In fact, to the extent that a crisis could do more good than harm, warnings that the rapid credit expansion of recent years could trigger a debt crisis, or that the real-estate sector is on the verge of collapse, may not be as worrying as many believe.
简言之，中国后续发展的最大风险不是危机，而是政治领导人和知识精英有没有认识到扬弃到目前为止一直成功的增长战略的必要性。事实上，危机或许利大于弊，因此警告近几年来的信用高速扩张可能引发债务危机，或者房地产部门眼看就要崩溃或许并不像许多人认为的那样令人担忧。