Why the U.S. Should Save More and Consume Less, and China, Visa Versa

Republicans and Democrats alike have taken aim at both China and the Trans-Pacific Partnership, holding them up as the scourge of beleaguered American workers. America needs to save more and consume less, while China needs to save less and consume more. To succeed, both countries will have to overcome entrenched mindsets.

Stephen Roach, Faculty Member, Yale University via CHINA US Focus http://ift.tt/1XKqMKV