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this post was submitted on 11 May 2024
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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.