In spite of worries about a collapse in China’s property market, we think that the financial system will navigate the coming credit cycle if banks can buy time to resolve loan problems — and receive government support if needed.
盡管有人擔(dān)心中國房地產(chǎn)市場可能崩盤,但我們認(rèn)為,如果銀行可以爭取到時(shí)間解決貸款問題,并在必要時(shí)得到政府支持,金融體系可以度過即將來臨的信貸周期。
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