Chinese household saving, at around 25% of disposable income, is astonishingly high by international standards.
The Chinese are also saving less.
FORBES: Times Have Changed: No More "China Produces and America Consumes"
But for some reason Americans seem to have much more trouble saving for retirement than do Germans, Chinese, Japanese and citizens of many other countries.
Both pairs were already through to the quarter-finals and the Chinese duo later said they were saving energy for the knockout stages.
There he ignored the basic truth that no act of saving detracts from demand, and if the Chinese choose to save, their savings will either fund the immediate consumption of others or, even better, the creation of new businesses reliant on the savings of others to grow.
FORBES: The Fed chairman has no idea what he's talking about.
Meanwhile, Ford, Nissan, Audi, key Chinese and other automakers are lightweighting with familiar metals, saving somewhat less fuel at a comparable cost per gallon.
Fleming, who works as a delivery driver for a Chinese takeaway, was told that only his guilty plea, saving the women from giving evidence at a trial, had saved him from a seven-year prison sentence.
We really do need to add U.S. and Chinese consumers together and divide by two to reduce the enormous imbalance in saving and consumption.
Though emerging economies' excess saving will not disappear quickly (he is unconvinced, for instance, that a stronger Chinese currency would make much difference), Mr King believes these rising giants will be increasingly unwilling to hold the bulk of their reserves in dollars.
The advantage for Chinese buyers is that goods are mailed to a warehouse in Dallas and bulk-shipped to China, saving on postage costs, with 10 to 14 days of delivery time.
FORBES: Suited-Up Online: Why China's Fashionista Websites Aim High (And Low)
应用推荐