The traditional Chinese model of economic growth required the U.S. and a few other countries to be consumers of first and last resort1, spending more than their income and running ever-larger trade deficits2 -- so tha...The traditional Chinese model of economic growth required the U.S. and a few other countries to be consumers of first and last resort1, spending more than their income and running ever-larger trade deficits2 -- so that China could be the producer of first and last resort,展开更多
文摘The traditional Chinese model of economic growth required the U.S. and a few other countries to be consumers of first and last resort1, spending more than their income and running ever-larger trade deficits2 -- so that China could be the producer of first and last resort,