Alex Stanczyk

China’s Manufacturing Crisis: The Real Story

Difference between China and USA from a consumer perspective is acutally quite huge. Chinese citizens have shown a respectable 40%+ savings rate, whereas US Citizens spend more than we make with a negative savings rate of around -2.5%.

This alone is a massive difference.

Weathering a storm while one has reserves built up is very different than entering a storm without anything to fall back on, worse, being the largest debtor nation in the world.