China has been engaged in what might be called “vendor finance,” providing the money that helps finance the huge US fiscal and trade deficits, allowing Americans to buy more goods than they sell. But this is a peculiar arrangement: a relatively poor country is helping to finance America’s War on Iraq, as well as a massive tax cut for the richest people in the world’s richest country, while huge needs at home imply ample room for expansion of both consumption and investment.
因此就必须予以改变。中国一直在搞所谓的“卖方融资”，也就是提供资金资助美国的财政和贸易赤字，让美国人进口更多的产品，其数量大于其出口。但是这却是一项离奇的安排，那就是说，一个相对贫穷的国家在帮助资助美国的伊拉克战争，以及给世界上最富有的国家中最富有的人减税。与此同时，中国国内巨大的需求表明在消费和投资上还有巨大的扩张空间。