China is incapable of solving this problem on its own, because its economy is still only one-third the size of America’s. But if Asian countries move together, China will be more willing to let its exchange rate against the dollar become unstuck.
第二个优先议题是推进全球经济再平衡。亚洲经济体需要加大力度刺激支出，而且它们得相互协调，才能有所进展。光靠中国一家努力，是无法解决这个问题的，因为它的经济体量再大，目前也只有美国的三分之一。如果亚洲经济体愿意共同努力，就会鼓励中国放松人民币对美元的盯住汇率。这样一来，才能一劳永逸地消除危机的第二大成因。