Looking to 2013, the biggest risks are in the US and Europe. By contrast, China has the instruments, resources, incentives, and knowledge to avoid an economic hard landing – and, unlike Western countries, lacks any significant constituency wedded to lethal ideas like “expansionary austerity.”
展望2013，最大的危机在美国和欧洲。对比之下，中国拥有各种各样的工具、资源、刺激方案和知识来避免经济硬着陆。而且中国不同于西方国家，没有会紧抓着“扩张型紧缩”等致命想法不放的选民。