Fortunately, China still has room to invest in growth-enhancing infrastructure and innovative industries. Policies to expand social security and improve the provision of public goods could support these efforts, boosting domestic consumption by allowing households to reduce their precautionary savings.
中国必须竭尽全力避免陷入债务-通缩陷阱。幸运的是，中国仍有空间投资于能促进增长的基础设施和创新行业。扩大社会安全、改善公共品供给的政策能支持这方面的动作，通过让家庭减少预防性储蓄提振国内消费。