随着发达国家自身经济的调整,新兴市场内部经济的调整将不可避免。2008年金融危机以前的经济周期中,美国、欧洲通过提高自身的负债率,为全球需求提供来源,自身对外贸易赤字持续扩大。但在这一轮经济周期中,发达国家内部也出现分化。美国其实对欧洲是贸易逆差,所 With the adjustment of developed countries’ own economy, the adjustment of the internal economy in emerging markets will be inevitable. In the pre-crisis economic cycle of 2008, the United States and Europe provided their sources of global demand by raising their own debt ratio and their own foreign trade deficits continued to widen. However, in this round of economic cycle, there have also been divisions in developed countries. The United States is actually a trade deficit with Europe