But one thing is cer­tain, the pres­i­den­tial can­di­dates should not talk about boost­ing the real econ­omy just to get votes.

China Daily (Canada) - - FRONT PAGE -

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. zhuqi­wen@chi­nadaily.com.cn

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