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  • davidbdc: 
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  I don't see how wealthy families that won't consume is a problem. In general it is a good thing that people individual save and invest. The USA could use more saving and less consumption. I can understand why the rest of the world isn't eager to push their citizens to emulate Americans when it comes to personal finance.

  Nov 08 08:10 PM | Link | Reply
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  • taojaxx: 
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  I agree with teh IMF conclusion about financial sector development (or lack thereof) being a reason for firms to save excessively. Much doubt about corporate governance. Households do not consume because they have no social security, no retirement benefits and a one child policy. Anybody would be crazy to consume in such a situation. Corporate governance has nothing to do with it.

  Nov 08 08:56 PM | Link | Reply
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  • Sam Liu: 
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  cn counts household consumption differently than in the west. the debt for cars and housing don't seem to be counted like they are in the west

  Nov 09 09:16 AM | Link | Reply