Taiwan Plans Military Spending Surge to Counter Rising China
Taiwan plans to raise military spending by about 50 percent next year as President Tsai Ing-wen attempts to offset China’s growing might and support the local defense industry.
Why Are Saving Rates of Urban Households in China Rising?
International Monetary Fund (IMF)
From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to ¼ of disposable income. The authors use household-level data to explain the postponing of consumption despite rapid income growth. Saving rates...
Explaining China's Low Consumption: The Neglected Role of Household Income
International Monetary Fund (IMF)
The Chinese government has recently focused on the need to increase consumption to rebalance the economy. A widely held view is that despite China's remarkably high growth, the share of consumption in total expenditure has been low and declining...