Good News, Bad News on ChinaÂ’s High Savings
January 18th, 2010
| Category: Economy
The latest research from the International Monetary Fund offers some encouraging news on ChinaÂ’s push to lower its extraordinarily high national savings rate and move toward a more consumption-driven economy. The new paper ( http://www.imf.org/external/pubs/cat/longres.cfm?sk=23533.0 ) by IMF staffers Steven Barnett and Ray Brooks – formerly of the fundÂ’s office in Beijing – offers statistical evidence that the increased government spending on healthcare in recent years does actually encourage …
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