Investors worried about a Chinese financial crisis want to know when and how it will happen. They have focused on the fast build-up of debt, much of it in shadow banking, and over-investment in housing. But China’s currency could turn out to be the trigger in the same way US subprime mortgages touched off the global financial crisis.
擔心中國發生金融危機的投資者想知道，危機何時、以何種形式到來。他們一直關注中國債務的快速積累（一大塊發生在影子銀行領域）以及房地產投資過高。但中國的匯率可能最終成為引發危機的導火索，正如美國次級抵押貸款引發全球金融危機那樣。
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