中国领导人应该认识到，其监管框架 — — 特别是其监管资本市场的方法 — — 已不再合适，必须实施重大监管重组措施。
It is time for China’s leaders to recognize that its regulatory framework – and, in particular, its approach to regulating the capital market – is no longer tenable, and to pursue a major regulatory restructuring.