In reducing public debt, we should put more emphasis on reforms that enhance economic 2/3  BIS central bankers' speeches  growth. Rather than the spending cuts and tax hikes that often initially constrain growth. If austerity is unavoidable, fiscal rules should at least protect public investment.
That said, the necessary adjustments in the short term can be controversial: you are probably aware of the debates in Europe on the dislocation of manufacturing and pressures on labour markets. And I will frankly admit that Sino-European economic relations, too, have occasionally experienced some tensions in this respect.