consumption, and rising share of savings and investment in China. However, in the context of a globalized world economy, the … contradiction is "resolved" through a recycling of the "excess savings" from China to the U.S. adding to the debt and asset bubble …

view is that despite China''s remarkably high growth, the share of consumption in total expenditure has been low and …

This paper gauges the key determinants of China''s private consumption in relation to GDP using data on the Chinese … China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment …, the level of financial sector development, and low real interest rates-are so different in China relative to other …

data on incomes in rural China offer some answers. Theoretical work has shown that nonlinear dynamics in household incomes … and expenditures using panel data for 6,000 households over six years in rural southwest China. While they find evidence …