If we truly want to build opportunities for all Americans, we know we must have abalanced fiscal strategy, one that cuts wasteful spending while making smart investments in our future -- things like education, infrastructure -- for an economy built to last.
And China has also acknowledged that it needs to transition to a more balanced growth strategy internally where they're focusing on their enormous domestic market and giving their people the opportunity to buy goods and services and consume -- all of which will promote their growth, but also will reduce some of the imbalances around the world.