savings

Where China’s New Rich Are Putting Their Money

The Chinese Luxury Consumer White Paper 2012 was released on Tuesday, and revealed that China now has 2.7 million people with personal assets of more than 6 million yuan ($950,000). Forbes finds that China’s new wealthy...

Why China Is Too Scared to Spend

With lower growth rates and exports down, China’s economy faces a shaky future. But it’s not as if China doesn’t have the money to jumpstart its own recovery; money accumulated thanks to its high savings rates...

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