Slowing Chinese economic growth and a
sluggish world economy is leading to increasing calls for China to boost its domestic
consumption. The Chinese consume too little and save too much, and because of
this, China has had to rely on investment and exports for its phenomenal growth
in the past. Indeed, according to official statistics, consumption makes up
only 48% of China’s GDP, which means a gross savings rate of 52%. These savings
finance not only domestic investment at the rate of 48% of GDP but also, in the
form of capital outflow, net exports at 4% of GDP. The worldwide rate of
consumption is 80% of GDP, with the United States at 88% and European Union at just
above 80%. China’s consumption rate is much lower than the rest of the world.
It is also l...
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The Sales Managers' Indexescovering all major Asian, African and Latin American emerging markets, plus North America.
World Price IndexPPP exchange rates for the worlds top 10 economies.
Regular Key Papers on Economic Data
and much more...