China’s citizens save 40% of their income, where in the US it’s less than 10%. This is the main source of tension between China and the rest of the world. Creating huge distortions between how much China’s people buy from the rest of the world compared to how much they sell to the rest of the world. Chapters:00:00 Intro00:47 China demands growth01:21 The building boom, too much?03:10 Leland Miller and China Beige Book04:00 What China needs to do to grow05:26 A history of struggle in China06:32 The 4-2-1 dilemma and the one-child policy08:16 Chinese people have nothing to invest in11:42 Summary
