If China cannot do very much about existing gross assets and gross liabilities, it should address new assets and liabilities in order to&#160;minimize future capital losses. In short, China must take into consideration the ongoing asset crisis facing emerging economies, especially when considering highly consequential questions such as full renminbi convertibility and the currency’s internationalization.
如果中国不能对已有的总资产和总负债动太大的手脚，那么应该修正新的资产和负债，以使未来资本损失最小化。简言之，中国必须认真考虑当前新兴经济体所面临的资产危机，特别是如果它想实现人民币完全可兑换和国际化的话。