It is easy to criticise China’s internal imbalances. But failing to take into account the role these played in stabilising the global economy is a major mistake. It doubtless makes sense for China now to address its imbalances. Yet, as it does so, the rest of the world will need to find a new shock absorber. It’s not at all obvious whether any economy is up to the task.
批评中国内部失衡是很容易的。但如果不考虑这些失衡在稳定全球经济中的作用,那将是大错。中国现在解决其失衡问题无疑是明智的。然而,在中国这么做的时候,全球其他地区将需要找到一个新的减震器。是否有经济体可以担此重任,现在还一点都不明显。
---------金融时报:哈萨克斯坦放开汇率致坚
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