Fallout of China’s One Child Policy

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...

China Enters U.S. Banking Market

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...