如今，中国面临着通缩和不利的外部经济环境，其以城市为中心的经济也在偿债能力、流动性和结构调整等复杂的挑战中互动与挣扎。
China now faces deflation and an inhospitable external economic environment, and its urban centers are struggling with the complex interaction of solvency, liquidity, and structural issues.