56
submitted 6 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
you are viewing a single comment's thread
view the rest of the comments
[-] yogthos@lemmygrad.ml 23 points 6 months ago

I doubt it, China can see what's happening with western economies right now just like everyone else, and it doesn't take a genius to realize that western advice isn't worth the paper it's written on. Furthermore, having savings is obviously important when the global economy is headed for turbulent times, without savings there's no ability to amortize economic impact of a downturn. So, I think there's zero chance that China would start cutting their savings rate nw.

this post was submitted on 11 May 2024
56 points (96.7% liked)

US News

2050 readers
43 users here now

News from within the empire - From a leftist perspective

founded 5 years ago
MODERATORS