How , When , and Why Will China ’ s High Saving Rate Fall ?
نویسنده
چکیده
China’s external saving rate is unsustainably high. Scenarios for its reduction range from benign (China chooses to consume and invest more domestically) to catastrophic (global trade war). I take the cautiously optimistic view that Chinese policymakers will recognize the urgent need to use the tools at their disposal to select a good outcome and avoid a bad one.
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