Comments on: Spend Save Man Woman Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 By: qiuhengchi Wed, 29 Sep 2010 14:50:51 +0000 i think last commentator tell us the truth,that is more exact than any other experts analysis.if you live in china, you will get clear of everything that happens in china. the society here have no fareness. youngster have no hopes, no futures.

By: xinqi6220 Mon, 21 Jun 2010 08:25:57 +0000 Are Chinese so foolish that they don’t know how to enjoy their life.No. Chinese know better than America to live a lavish life.But they can not.First of all they must save their money in the bank for following potential uses:
1, medicine fee
Except civil servants,ordinary people must pay their own medicine fee themselves.If someone becomes seriously ill,the family is forced into poverty.If they have no savings,the hospital will reject them.Many many people die because they can not afford the medcine fee.
2,pension cost
This includes the pension cost of themselves and their parents.Government pays this for its employees after they retires. For the ordinary people such as farmers amd migrant workers,they must raise themselves when they don’t work.That’s why Chinese parents prefer boys to girls because kids are named after the father rather than the mother and the old ones usually live with their sons when they become too old.
The education cost is extremly high in China.Parents must pay this cost for their kinds from period of kindergarton to university.With more money,your kinds can go to a better school and receive better education.
4,the employment of their kinds
You have to offer bribe to the government officials if you want to obtain a better job.The best jobs are government employees who can not only be a grafter but also superior to others.If you become a high official,you are the master of other people and the country.

Lavish life is for government officials and entrepreneurs.They have plenty of savings and live an extravagant life which is more costly than Amercian.
For the people who have no work,no savings,and no others to help them,they have to go begging or starve to death.

By: JCJ Thu, 03 Jun 2010 16:45:15 +0000 High savings rates imply debt growth. You put the money in the bank and it gets lent out or even if doesn’t it creates a new liability in the banking system. One person’s virtuous savings is another’s non-virtuous debt. Cries of too much debt in the world are virtually the same as saying there are too many assets or that people are too rich. Too sides of the same coin.

By: edgyinchina Wed, 02 Jun 2010 00:34:03 +0000 The information about birth rates for boys and girls in China is old news. This has been known and reported on as a growing problem for about 10 years.
I’ll give all these elitist economist’s with too many initials behind their names, some news. If you come to China proper (not Beijing, Shanghai, or QuangZhou – but inland), you will witness (as I have for the past 5 years) what is really going on in China….
Get Schooled…. It’s educational.

By: Rfairb Mon, 31 May 2010 14:27:38 +0000 we are told here in America that we have spent too much and ought to save yet the western media tells China that it saves too much and should spend everything and wildly consume? Hypocrisy watch.

By: Macedonian Mon, 31 May 2010 03:47:36 +0000 lets hope the brides start spending that stash of cash

By: titemoney Mon, 31 May 2010 03:21:36 +0000 The IMF and World bank says people should save less money? Use your brain people. They want you in debt bondage. Savings is equal to investment in economics. The high savings rate in China is one of the reasons that they are passing every other country at lightening speed. The other reasons are
1. The Chinese government controls the central bank unlike the privately owned fed in USA
2. The labor wage rate is still low but not the lowest in the world.

By: happaliau Mon, 31 May 2010 03:10:58 +0000 What? That comment by HBC doesn’t even make any sense.
Why are other countries trying to control how much individual citizens in China spend? I mean, China’s got a firm grip, but not that firm. Maybe if so many people didn’t go into debt in the states, we wouldn’t be so screwed.

By: cwucnspt Mon, 31 May 2010 02:24:15 +0000 Economists have always looked for catchy explanations for changes in saving rate. It is all about growth of income. High income results in higher change in savings and low income growth to lower changes in savings. If a person (male) were to have low income growth he cannot save to find a bride! See wth#

By: Anonmucker Sun, 30 May 2010 23:39:50 +0000 The laws of supply and demand at work. Maybe it wasn’t such a good idea to throw infant females into the river after birth. Funny how women could actually be of some value. Who would have guessed.