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Chinese savers won't save China
News, Christopher Balding, Published on 09/07/2018
» Chinese are, in the popular imagination as well as some economic statistics, inveterate savers. According to the International Monetary Fund, the Chinese savings rate stood at an astonishing 46% in 2016, compared to a global average around 25%. Chinese planners have long sought to bring that ratio down in order to promote consumption and ease the economy's overreliance on investment. If only Chinese would shop more, the thinking goes, China wouldn't need to rely on smokestack factories and boondoggle infrastructure projects to drive growth.
How China made itself prone to bubbles
News, Christopher Balding, Published on 10/05/2016
» Chinese markets have rarely looked more like Vegas casinos. In recent weeks, investors have driven up trading volumes in China to astronomical levels, betting on everything from rebar to eggs. China traded enough steel in one day last month to build 178,082 Eiffel Towers and enough cotton to make at least one pair of jeans for every person on the planet.