To be sure, China overcame a similar challenge in its public sector from 1998 to 2001. It pursued growth-boosting investment in infrastructure and real-estate development to eliminate deflation, while maintaining artificially low interest rates to contain the rise of public debt.
诚然，中国在1998—2001年期间曾经克服过公共部门类似的挑战。当时中国追求提振增长的基础设施投资和房地产开发以消除通缩，同时人为维持低利率以遏制公共债务增加。