因此，中国行政改革的真正考验是当局能否通过改进破产制度和阻止欺诈及市场操纵的监管，让市场力量能够真正主导资源配置。
That is why the real test of China’s administrative reforms is whether, through improved bankruptcy mechanisms and regulations that block fraud and market manipulation, they allow – and even facilitate – the effective functioning of market forces.