International Law

China: To Become a Spendthrift?

Getting China to spend rather than save turns out to be harder than it sounds.

I have been tooting this horn for a decade, with few other Western watchers in agreement, until this rather tepid, but ultimately concurring, WSJ piece. China will not become the spendthrift the US wishes it to become. Of course, Chinese have known what Westerners, especially Americans, haven't dared to assume.

Full post as published by Asia Business Intelligence on November 30, 2009 (boomark / email).