Over time, this marriage of convenience morphed into a full-blown and inherently unhealthy codependency. Both partners took the relationship for granted and pushed unbalanced growth models too far – the US with its asset and credit bubbles that underpinned a record consumption binge, and China with an export-led resurgence that was ultimately dependent on America’s consumption bubble.
随着时间的推移，这场基于利益的婚姻演变为赤裸裸的、具有天生缺陷的共存。双方都将这一关系视为理所当然，将失衡增长模式推得太远——美国产生了巨大的资产和信用泡沫，从而形成创纪录的消费狂潮，而因出口而复兴的中国说到底需要依赖美国的消费泡沫。