在这样的背景下，维持中国经济转型、防止硬着陆的最好办法是实施宽松的货币和信用政策，让生产率最高的城市、公司和行业创造新的增加值，并同时推出通常有紧缩效应的结构性改革。
Against this background, the best way to sustain China’s economic transition and prevent a hard landing is to implement looser monetary and credit policies that enable the most productive cities, companies, and industries to generate new added value.