It is easy to imagine China’s economic freight train going off the rails. When I came to Asia 14 years ago, many people in Japan, where the economy was then three times the size of China’s in nominal terms, were predicting precisely that. Surely, they reasoned, the system must crumble under its own contradictions.
想象中國經濟列車脫軌并不難。十四年前我來到亞洲時，日本就有許多人這樣預測（按名義價值計算，日本當時的經濟規模是中國的3倍）。當然，他們的邏輯是，中國經濟一定會被自身的矛盾壓垮。
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