News China Savings: China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans
China’s middle class is sitting on a mountain of cash, but they’re refusing to spend it. Bank deposits are surging, interest rates are near zero, and yet households are tightening their wallets.
News China Savings: China’s middle class is quietly stockpiling cash — 'shadow saving' — and it could short-circuit the global economy
On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Instead, something ...
News China Savings: China was a sustainability pioneer, learning early that human exploitation of nature should be synchronised with nature’s cycle
Chinese civilisation learned the concept of ecological sustainability at an early stage, based on the idea that human exploitation of nature had to be synchronised with nature’s cycle.
News China Savings: China's zero-Covid strategy hurts consumer spending more than manufacturing
Manufacturers are less affected by city lockdowns since factories are typically spread out in suburban industrial parks, according to an economist at the EIU.
