China’s Unwilling Consumers

When it comes to economic rebalancing, China will need to be patient, recognizing that the current generation is simply too fixated on saving to provide the kind of surge in consumption that is needed. There are steps policymakers can take to accelerate progress, but, until the next generation grows up, real progress will have to wait.

Keyu Jin Professor via CHINA US Focus http://ift.tt/1SkBfIa