The biggest cause for worry about China is the third point of similarity to Japan: the recent tidal wave of bank lending.

对中国现状最大的担心来自其同当年日本的第三个相似处：最近的银行信贷浪潮。

youdao

The second wave could be companies with big and successful operations in China itself, where local consumers are witnessing the successful growth of many global companies themselves.

而第二批目标可能是在中国拥有大规模成功业务的企业。中国消费者正目睹许多全球性企业自身获得成功增长。

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As the year's worst heat wave washes over China, media outlets vie to break the hot news.

着今年最大的一波热浪袭卷中国，新闻媒体争相报道这一 “热门”新闻。

youdao

The tariff has spurred a wave of anti-American Internet postings in China, with calls for Beijing to stop buying U.S.bonds.

VOA: standard.2009.09.14

Some smaller European luxury-goods makers that were late to the emerging-markets wave in China are now pursuing costly efforts to catch up.

WSJ: What's News

Now, this same mindset is catching on in China, and as the fear of failure goes away, we may see another golden era for startups in China that outdoes the first wave from 2004-2008.

FORBES: Serial Entrepreneurs Set Up Shop in China

Yet, visitors to Beijing do not have to go too far off the beaten path to find dingy alleyways lined by what remains of the old courtyard homes that exist in clusters, like islands on the verge of being swallowed by the tidal wave of new China.

CNN: April 10, 2012 -- Updated 1353 GMT (2153 HKT)