Feng

Everyone Is Working Hard to Increase Global Trade Imbalances

I agree that a lot of stuff are more expensive in China than in the West. It's quite funny that a pair of Nike shoes made in China is cheaper in the US than in China. However, getting rid of tarrif would benefit the western countries more than China. China has stated very clearly that the biggest contribution that can make to the world economy recovery is to take care of the its own business. So China is not dragging down the world as the US is doing (and letting the world pay the american's bill), but don't expect China to foot the bill for the world.

I think a good way of encouraging spend is government guranteeing minimal level of income to old people, especially those in rural areas.

Making medical care free wouldn't work. Nothing good will come free. That's socialism. And Chinese people and leader don't need other to teach them again that socialism doesn't work.