当经济达到中等收入水平时，发展战略就会开始失效，而中国正在迅速达到这一水平，因此中国不能允许高企的周期性风险阻碍其结构型转型。
Given that development strategies typically begin to fail when economies reach middle-income status – a threshold that China is rapidly approaching – China cannot afford to allow mounting cyclical risks to undermine its structural transformation.