There have many conflicts with the policy of deflation administration. So it is vital now to define the conduction of deflation.

各国对通货紧缩的治理也存在着政策上的冲突，要实现对通货紧缩的有效治理，必须明确通货紧缩的传导机制。

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But in the process of the real conduction, the risk of it is still ubiquitous, especially on security caused by policy, market, bank, mortgage and so on.

在实际运作中其风险仍无处不在，尤其是在“安全性”上存在着政策、市场、银行、抵押物等风险。

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But in the process of the real conduction, the risk of it is still ubiquitous, especially on security caused by policy, market, bank, mortgage and so on.

在实际运作中其风险仍无处不在，尤其是在“安全性”上存在着政策、市场、银行、抵押物等风险。

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