China’s attempted economic transition has deep implications, not just for the emerging nation, but for the rest of the world. In the short term, the challenge is to manage spillovers from what might be a sharp slowdown in China’s economic activity. In the long term, it is how to cope with the integration of a financial powerhouse into the world economy. In reality, however, what happens in the short term will shape the longer term as well.
中國正在嘗試進行的經濟轉型對新興國家乃至整個世界都將產生深遠影響。短期內，挑戰在於管控好中國經濟活動可能出現的大幅放緩帶來的溢位效應。長遠來看，挑戰在於如何讓一個金融大國融入全球經濟。然而，實際上，短期的發展變化同樣將影響長期。
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