成功的关键将是管理好流动性资金的注入和利率改革的顺序，以使纠正地方次级债务的动作不会触发资产价格贬值。
The key to success will be to manage the sequence of liquidity injections and interest-rate reforms so that the effort to address local subprime debts does not trigger asset-price deflation, while reducing financial repression that cuts off funding to more productive sectors and regions.