Global views on China | High domestic savings rate can support effectively during crisis

Описание: #GlobalViewsonChina #2023UnderstandingChinaConference
China has a very high domestic savings rate which can support effectively during the crisis #UnderstandingChina #China #economy
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" I think to a large extent that reflects the fact that China has a very high domestic savings rate. So, it can draw on that savings to support demand in the event of a shortfall in economic activity that arises during a crisis. Conversely, a country like the United States that has a low domestic savings rate has a hard time in sustaining fiscal stimulus."
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The guest of this video: Stephen Roach, senior fellow at Yale University
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