Emerging market economies have slowed down and now face more external risks and challenges.

新兴市场经济体增速放缓，外部风险和挑战增加。

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Investors chasing these opportunities should, however, be mindful of the risks that exist in any emerging market.

然而，寻求这些机遇的投资者，应留意到那些任何新兴市场中都存在的风险。

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Some emerging-market country will default, and remind global investors that they aren't demanding enough for taking risks.

一些市场国家还会出现信贷违约风险，这提醒全球投资者，他们对风险回报的要求还不够高。

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Accounting for unsystematic emerging market risks.

FORBES: Buying Baidu? Beware.

According to a recent report by NatWest, a British bank, American shares have offered better returns, adjusted for the risks, than emerging-market equities over the long term.

ECONOMIST: Investment banking

Some argue that this is an unsustainable bubble that reduced transparency and poorer governance among emerging-market issuers, as well as currency risks, are not reflected in the price.

ECONOMIST: Emerging-market debt