Year after year of strong and steady growth has imbued China’s rulers with an aura of omnipotence. But maintaining such an aura comes at a cost. Three weeks after China intervened to stem a stock market slide, share prices have tumbled again, with the Shanghai Composite recording its worst day in eight years. Beijing now faces an unenviable choice: to sink even more into propping up the market, or let slip its mask of invulnerability.
一年又一年強勁而穩定的成長,給中國統治者套上了無所不能的光環。但是,維持這樣一個光環是有代價的。在中國政府採取干預行動以遏止股市滑坡的三週後,股價再次下挫,上證綜指(Shanghai Composite)出現八年來最大單日跌幅。現在北京面臨一個不值得羨慕的選擇:加碼救市,或是摘掉無所不能的面具。
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