Current account surplus may damp the effects of China’s credit boom
与2000年代欧元区外围和1990年代东亚的信贷扩张不同，中国信贷繁荣由国内储蓄融资，因此不太可能以剧烈崩溃告终。
In contrast to similar credit expansions in the euro periphery in the 2000s and East Asia in the 1990s, China?s credit boom is far less likely to end in a dramatic bust because it?s financed by domestic savings.