Alexander Li

Cramer's Stop Trading! China Saves the World (4/29/09)

Here I am Chinese. Actually, I can not consume much money at all. As mentioned in this addition, I have no social healthcare insurance. Many of my friends have to pay one fourth of their income for their child education and living. The house and apartment prices in guangzhou are equal to that in suburb of frankfort, Germany. In 2008, my classmates, physicians, lost their money in security investment.


On Apr 30 08:26 PM BadCompany wrote:

> Wow, talk about grasping at straws. You have to be insane to think
> that the Chinese are gonna replace American consumer demand.
>
> The Chinese value prudence and thrift as part of their culture. They
> simply are not going to consume like Americans. Compare the sense
> of entitlement of the median American woman to that of her Chinese
> counterpart.
>
> In addition, China lacks the social safety net we have, here. So,
> they can't use Social Security as a rationalization for not saving.
>
>