China certainly experienced a turbulent summer, owing to three factors: economic weakness, financial panic, and the policy response to these problems. While none on its own would have threatened the world economy, the danger stemmed from a self-reinforcing interaction among them: weak economic data leads to financial turmoil, which induces policy blunders that in turn fuel more financial panic, economic weakness, and policy mistakes.
显然，中国经历了一个动荡之夏，原因有三：经济疲软、金融恐慌以及对这些问题的政策应对。这些问题中的每一个都不会威胁到世界经济，但危险源自这三个问题自我加强的互动：疲软的经济数据导致金融动荡，金融动荡导致政策错误，政策错误反过来助长更多的金融恐慌、经济疲软和政策错误。