Yet just because Mr Paulson has stumbled badly in recent months does not mean that China is on the right track. Zhou Xioachuan is wrong to urge a higher savings rate in the US. The US consumer is in full retreat; were the retreat to become a rout, China's factories would be among the first to be ruined. To commandeer Saint Augustine's prayer: “Give us global rebalancing – but not yet.”
然而,仅仅因为保尔森近几个月不顺利,并不意味着中国就在正轨上。周小川敦促美国提高储蓄率是不对的。美国消费者正在全线撤退;若这种撤退变成溃败,中国的工厂将是第一批遭殃的受害者。这里不妨套用圣奥古斯丁(Saint Augustine)的祈祷词:“给我们全球平衡调整——但现在不是时候。”
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