China is currently pursuing a contradictory set of policies that paradoxically undermines its own economy while propping up America’s by accommodating pump-priming by the Federal Reserve. China and Hong Kong are the largest net purchasers of US Treasury securities.
这样的看法不难理解。中国目前正在实行一种自相矛盾的政策，在损害自身经济的同时通过适应联邦储蓄的泵水政策支撑美国的经济。中国和香港是美国国库证券最大的净购者。否则，国库债券收益率将比现在高得多，从而阻碍联邦储备的货币扩张。