For 20 years, and especially in the past decade, rapidly rising debt has allowed America's consumption growth to exceed economic growth, with a concomitant rise in the country's trade deficit. One consequence of this too-rapid growth in American consumption has been that the non-US global economy was able to grow faster than non-US global consumption. This was especially true for Asia, the main beneficiary of the US consumption boom, and for China in particular.
20年來，特別是在過去10年，負債迅速增加使美國的消費增速超過了經濟增長，貿易逆差也隨之擴大。美國消費過快增長帶來的一個后果是，除美國之外的全球經濟能夠比除美國之外的全球消費增長得更快。作為美國消費熱潮主要受益者的亞洲尤為如此，特別是中國。
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