As Chinese companies warily emerge from three years of Covid-19 controls and regulatory crackdowns, there are concerns that another big problem looms — a balance-sheet recession akin to what Japan went through after its boom.
就在经历了三年防疫控制和监管整顿的企业小心翼翼地恢复活动之际，人们担心另一个大问题正在迫近：一场“资产负债表衰退”，类似于日本在繁荣期结束后所经历的情况。
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