此外，主要发达经济体已将政策利率下降至零水平，用尽了常规货币政策，而中国有足够的货币刺激储备解决周期性干扰。
Moreover, unlike major developed economies, most of which have used up all of their conventional monetary-policy ammunition by reducing their policy interest rates to zero, China has plenty of monetary stimulus on reserve to address cyclical disruptions.