第一,不能照搬英美供给改革经验,因为他们当时面临的是滞胀而我国现在是通缩。当前我国经济呈现出“债务—通缩”迹象,一方面债务不断攀升,另一方面通缩压力持续加剧。笼统地刺激潜在增长还会进一步恶化中国本已严重的产能过剩和房地产库存高企等问题。第二,应对供给侧进行结构性调整以满足受抑制的潜在需求, First, we can not copy the experience of Britain and the United States in providing reform because they were facing stagflation and our country is now deflation. At present, the economy of our country shows signs of “debt-deflation”. On the one hand, the debt keeps rising while the deflationary pressure continues to aggravate. A general stimulus for potential growth will further exacerbate China’s already serious problems of overcapacity and high real estate inventories. Second, the supply side should be structurally adjusted to meet the potentially suppressed demand.