Some global investors with an eye on China act as if trade friction between the mainland and the US is the only factor worrying markets. That has especially been the case for investors in China shares. But investors also need to pay attention to the dynamics of corporate credit in China — and not just the last salvo between the two competing powers.
一些關注中國的全球投資者，表現得好像中美貿易摩擦是唯一令市場擔憂的因素一樣。投資中國股票的投資者尤其如此。但投資者不僅僅要注意兩個相互競爭的大國之間最新的爭斗，也需要注意中國企業信貸的動態。
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