国际英语资讯:Interview: China-bashing not solution to U.S. homegrown problems, says economist
<p><span word="NEW">NEW</span> <span word="YORK">YORK</span>, <span word="June">June</span> 4-- <span word="Blaming">Blaming</span> <span word="China">China</span> <span word="for">for</span> <span word="homegrown">homegrown</span> <span word="economic">economic</span> <span word="problems">problems</span> <span word="in">in</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> "<span word="is">is</span> <span word="an">an</span> <span word="unfortunate">unfortunate</span> <span word="mechanism">mechanism</span> <span word="of">of</span> <span word="political">political</span> <span word="convenience">convenience</span>," <span word="a">a</span> <span word="leading">leading</span> <span word="U">U</span>.<span word="S">S</span>. <span word="economist">economist</span> <span word="has">has</span> <span word="said">said</span>.</p><p>"<span word="For">For</span> <span word="far">far</span> <span word="too">too</span> <span word="long">long</span>, <span word="Washington">Washington</span> <span word="has">has</span> <span word="entered">entered</span> <span word="into">into</span> <span word="an">an</span> <span word="unsustainable">unsustainable</span> <span word="social">social</span> <span word="contract">contract</span> <span word="with">with</span> <span word="the">the</span> <span word="American">American</span> <span word="people">people</span> -- <span word="a">a</span> <span word="bloated">bloated</span> <span word="healthcare">healthcare</span> <span word="sector">sector</span>, <span word="outsize">outsize</span> <span word="military">military</span> <span word="expenditures">expenditures</span>, <span word="and">and</span> <span word="low">low</span> <span word="taxes">taxes</span> <span word="that">that</span> <span word="require">require</span> <span word="imported">imported</span> <span word="surplus">surplus</span> <span word="saving">saving</span> <span word="and">and</span> <span word="large">large</span> <span word="trade">trade</span> <span word="deficits">deficits</span> <span word="to">to</span> <span word="fund">fund</span> <span word="this">this</span> <span word="economic">economic</span> <span word="over">over</span>-<span word="reach">reach</span>," <span word="said">said</span> <span word="Stephen">Stephen</span> <span word="Roach">Roach</span>, <span word="a">a</span> <span word="senior">senior</span> <span word="fellow">fellow</span> <span word="at">at</span> <span word="Yale">Yale</span> <span word="University">University</span>'<span word="s">s</span> <span word="Jackson">Jackson</span> <span word="Institute">Institute</span> <span word="of">of</span> <span word="Global">Global</span> <span word="Affairs">Affairs</span>, <span word="in">in</span> <span word="a">a</span> <span word="recent">recent</span> <span word="email">email</span> <span word="interview">interview</span> <span word="with">with</span> <span word="Xinhua">Xinhua</span>.</p><p><span word="As">As</span> <span word="an">an</span> <span word="economy">economy</span> <span word="lacking">lacking</span> <span word="in">in</span> <span word="savings">savings</span>, <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="must">must</span> <span word="import">import</span> <span word="capital">capital</span> <span word="abroad">abroad</span> <span word="from">from</span> <span word="world">world</span>'<span word="s">s</span> <span word="major">major</span> <span word="surplus">surplus</span> <span word="savers">savers</span>, <span word="including">including</span> <span word="China">China</span>, <span word="to">to</span> <span word="invest">invest</span> <span word="and">and</span> <span word="grow">grow</span>, <span word="the">the</span> <span word="former">former</span> <span word="chairman">chairman</span> <span word="of">of</span> <span word="Morgan">Morgan</span> <span word="Stanley">Stanley</span> <span word="Asia">Asia</span> <span word="said">said</span>.</p><p>"<span word="The">The</span> <span word="blame">blame</span> <span word="game">game</span>" <span word="is">is</span> <span word="only">only</span> "<span word="identifying">identifying</span> <span word="others">others</span> <span word="as">as</span> <span word="the">the</span> <span word="culprit">culprit</span> <span word="rather">rather</span> <span word="than">than</span> <span word="admitting">admitting</span> <span word="responsibility">responsibility</span> <span word="for">for</span> <span word="deep">deep</span>-<span word="rooted">rooted</span> <span word="problems">problems</span>," <span word="Roach">Roach</span> <span word="said">said</span>.</p><p><span word="According">According</span> <span word="to">to</span> <span word="the">the</span> <span word="senior">senior</span> <span word="economist">economist</span>, <span word="the">the</span> <span word="U">U</span>.<span word="S">S</span>. <span word="net">net</span> <span word="domestic">domestic</span> <span word="saving">saving</span> <span word="rate">rate</span> <span word="in">in</span> <span word="the">the</span> <span word="first">first</span> <span word="quarter">quarter</span> <span word="of">of</span> 2019 <span word="stood">stood</span> <span word="at">at</span> 2.4 <span word="percent">percent</span>, "<span word="well">well</span> <span word="less">less</span> <span word="than">than</span> <span word="half">half</span> <span word="the">the</span> 6.3 <span word="percent">percent</span> <span word="average">average</span> <span word="that">that</span> <span word="prevailed">prevailed</span> <span word="over">over</span> <span word="the">the</span> <span word="final">final</span> <span word="three">three</span> <span word="decades">decades</span> <span word="of">of</span> <span word="the">the</span> 20<span word="th">th</span> <span word="century">century</span> (<span word="from">from</span> 1970-1999)."</p><p><span word="He">He</span> <span word="pointed">pointed</span> <span word="out">out</span> <span word="the">the</span> <span word="notion">notion</span> <span word="that">that</span> <span word="levying">levying</span> <span word="tariffs">tariffs</span> <span word="could">could</span> <span word="help">help</span> <span word="fix">fix</span> <span word="trade">trade</span> <span word="deficits">deficits</span> "<span word="is">is</span> <span word="factually">factually</span> <span word="and">and</span> <span word="analytically">analytically</span> <span word="wrong">wrong</span>," <span word="since">since</span> <span word="they">they</span> <span word="cannot">cannot</span> <span word="reduce">reduce</span> <span word="the">the</span> <span word="size">size</span> <span word="and">and</span> <span word="scope">scope</span> <span word="of">of</span> <span word="the">the</span> <span word="overall">overall</span> <span word="multilateral">multilateral</span> <span word="trade">trade</span> <span word="deficit">deficit</span>.</p><p><span word="Washington">Washington</span> <span word="must">must</span> <span word="figure">figure</span> <span word="out">out</span> <span word="a">a</span> <span word="way">way</span> <span word="to">to</span> <span word="start">start</span> <span word="saving">saving</span> <span word="again">again</span> <span word="if">if</span> <span word="it">it</span> <span word="does">does</span> <span word="not">not</span> <span word="want">want</span> <span word="a">a</span> <span word="trade">trade</span> <span word="deficit">deficit</span>, <span word="however">however</span>, <span word="the">the</span> <span word="possibility">possibility</span> <span word="seems">seems</span> <span word="unlikely">unlikely</span> <span word="in">in</span> <span word="light">light</span> <span word="of">of</span> <span word="its">its</span> <span word="large">large</span> <span word="and">and</span> <span word="rising">rising</span> <span word="budget">budget</span> <span word="deficits">deficits</span> <span word="in">in</span> <span word="the">the</span> <span word="years">years</span> <span word="ahead">ahead</span>, <span word="Roach">Roach</span> <span word="said">said</span>.</p>
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