When China’s stock market and currency both plunged last January, many global investors assumed the end was near. After years of debt-fuelled stimulus used to fund investment in housing, infrastructure and excess manufacturing capacity, many believed the bubble was finally bursting.
去年1月中國的股市和貨幣雙雙下挫，許多全球投資者都認爲尾聲即將來臨。經過這麼多年的債務激勵，對住房、基礎設施和過剩製造能力大舉投資，許多人認爲這個泡沫終於即將破裂。
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