But one thing is certain, the presidential candidates should not talk about boosting the real economy just to get votes.
responsibilities to boost global economic recovery in accordance with its status as the world’s largest economy, it is highly likely that China and other countries will immensely benefit from increased investment and export opportunities. And this is precisely why the international community should listen carefully to the economic plans of the US presidential candidates.
After piling up such a huge amount of national debt and printing volumes of cheap money to prevent the situation from worsening further in wake of the global financial crisis, US policymakers and future leaders should have realized that, without a solid plan to pursue real economic growth, the growing woes of wealth disparity and stagnant wages will continue to disappoint the majority of American citizens.
As for the worldeconomy, if theUS economy keeps oscillating betweenunexpected contraction and meager growth, there is little chance that it will experience sustained recovery any time soon, not to mention the imminent threat an eventual increase inUS interest rates poses tomany emerging economies.
Therefore, it is hoped that US presidential candidates will take seriously their pledge to boost economic growth.
At first glance, the 4-percent growth promised by Jeb Bush will allow the US economy to emerge from the crater of deep debt and easy credit faster, and power the global recovery more strongly. Hillary Clinton’s plan, on the other hand, seems to focus more on boosting wages to alleviate the plight of workers through milder economic growth.
The lack of details about their economic plans makes it hard and too early to judge which one is more viable. But one thing is certain, the presidential candidates should not talk about boosting the real economy just to get votes. If China’s practice of planning and delivering long-term growth offers one lesson, it is this: Only a responsible and sincere leadership can guarantee the success of such growth plans for the benefit of the people, the country and the world economy. The author is a senior writer with China Daily. firstname.lastname@example.org