Many worry that China faces " Japanification" —a combination of debt, deflation and demographic decline—in the long term and a " Lehman moment" in the more immediate future, as defaults cascade through the shadow-banking system.

许多人担心， 从长远来看， 中国将面临“日本化”（债务、通货紧缩和人口下降的综合影响）， 并在不久的将来面临“雷曼时刻”，因为影子银行体系中的违约事件层出不穷。