This is going to sound strange, but a major problem in the world economy is the lack of Chinese consumer spending. It is at least ten percentage points below non-US developed countries and is a major reason for the trade imbalance between China and the rest of the world.
It has been suggested that the Chinese government increase its retired health care benefits to include more money for emergency events as, currently, a large chunk of that cost gets paid by the retirees.
This is going to sound strange, but a major problem in the world economy is the lack of Chinese consumer spending. It is at least ten percentage points below non-US developed countries and is a major reason for the trade imbalance between China and the rest of the world.
It has been suggested that the Chinese government increase its retired health care benefits to include more money for emergency events as, currently, a large chunk of that cost gets paid by the retirees.