The risk is that China's transition will be made worse by policies whose effect will be to cause a short-term and unsustainable rise in fiscal borrowing, bank debt and corporate inventory.

风险在于，如果政策的效果是令财政借贷、银行债务及企业存货出现短暂、且不可持续的增长，那么这些政策只会令中国的转型之路更加艰难。

youdao

Chapter six, from "three practices of fiscal policy of period of China's economic transition" I draw some conclusions.

第六章，从“中国经济转型时期财政政策的三次实践”中得出了几点结论。

youdao

We think that transition ought to start from expansionary fiscal policy to Neutral fiscal policy, after brief review to some macro-economic policy which had important influence on the curves.

在简要回顾对曲线走势有重要影响的宏观经济政策之后，提出当前应当逐渐由扩张性财政政策向中性的财政政策转变。

youdao

The nation's balance sheet could finance such a transition with no fiscal sweat.

FORBES: Fact and Comment

Because of the profligacy of its predecessor, the government of President Fernando de la Rua felt obliged, on taking office last December, to tighten fiscal policy, even though the budget deficit was relatively modest (and was due partly to the transition costs of switching to a private pension system).

ECONOMIST: Aid for Argentina