I’d not thought of this: … The reason Chinese savings levels are so high is the one-child policy. In most developing countries the way that people save is they have multiple children hopefully to generate a gaggle of grandchildren all of whom are trained...
The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve...