Mounting imbalances in the US were the mirror image of those in China – a massive shortfall of domestic saving, unprecedented current-account deficits, excess debt, and an asset-dependent economy that was ultimately built on speculative quicksand.
日益恶化的美国失衡则是中国失衡的镜像——巨大的国内储蓄不足、前所未有的经常项目赤字、过度负债、归根结底建立在投机流沙之上的依赖资产的经济。