the high savings rate in China is a myth from 2004. In 2017, people poured all their savings into their kids/other relatives real estate purchases (which itself is a bubble). And the young people have credit card debts…
First of all, China is an authoritarian government, not a communist government. Second of all, China is doing this because they are suffering from [hidden] massive outflow, and need to clamp down on that. The Chinese…
the high savings rate in China is a myth from 2004. In 2017, people poured all their savings into their kids/other relatives real estate purchases (which itself is a bubble). And the young people have credit card debts…
First of all, China is an authoritarian government, not a communist government. Second of all, China is doing this because they are suffering from [hidden] massive outflow, and need to clamp down on that. The Chinese…