Afinancial crisis in China has become inevitable. If it happens soon, its effects can be contained. But, if policy makers use further doses of stimulus to postpone the day of reckoning, a severe collapse will become unavoidable within a few years.
中國上演金融危機已是不可避免。如果危機在較短時間內發生，其後果可以得到控制。但假如政策制定者進一步實施刺激，試圖推遲「清算日」，那麼幾年內發生嚴重崩盤將不可避免。
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