但与其它许多机构一样，巴克莱资本低估了即将来临的危机。

But like many others, BarCap underestimated the crisis that was to come.

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巴克莱资本(Barclays Capital)对逾1000家机构投资者所做的一项调查显示，在金融市场上，中国经济出现硬着陆是威胁性最被低估的一种风险。

The danger of a hard landing in China is the most underpriced risk in financial markets, according to a survey of more than 1,000 institutional investors by Barclays Capital.

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在2009年底，这些银行的加权平均一级资本比率为10%，与富裕世界的银行一致。但这可能低估了它们的优势。

At the end of 2009 these Banks had a weighted-average Tier-1 capital ratio of 10%, in line with rich-world Banks, but this probably understates their advantage.

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