美联社消息：盖纳急了

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WASHINGTON (AP) -- Treasury Secretary Timothy Geithner says the global economy is moving toward a recovery but countries can't rely on U.S. consumers to serve as the engine of worldwide growth.

In testimony prepared for the Senate Foreign Relations Committee, Geithner says that significant cooperation among the world's 20 major economies had helped countries to "put out the financial fire" and restart economic growth.

But he says for the recovery to be sustained, nations will no longer be able to rely on U.S. consumers to drive global growth. He says countries with large trade surpluses such as China will have to foster policies to support domestic growth, while countries with large trade and budget deficits will need to boost savings.

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关键词：美联社 COOPERATION significant Washington Countries 盖纳

Geithner is correct. China cannot expect US consumers to keep borrowing to buy MIC imports. Anyone can see that's not sustainable.

Chinese government sees that too. However, what can it do at this moment?

As Geithner said, foster domestic growth. With a population of more than 1 billion, there is no reason why China cannot grow on its own.

I wish we could. To foster the domestic growth is not up to the government, but its people. If I myself want to save money rather than to spend it. What can the government do?