Why China Is Too Scared to Spend

Stupid american want we Chinese to spend.
You don't know the reality of Chinese.
We are worrying about future everyday.
The only people that have the ability to spend are the goverment employees, the corrupt officials, which account for a little
percentage of Chinese. And they are spending already. Their wives and children are in the US spending.
Don't expect the 1.3 billion Chinese to spend. 800 Million of them are farmers who make 1000 dollors a year totally

Everyone seems to be intent on figuring out how to stimulate the economy by looking at business dynamics, but ignoring people. If the people's need for and right to affordable health care is not met, the longterm prognosis cannot be good. This goes for China or any other country

Build health-care system, It is a key point to stimulate chinese domestic demand. That is one of the most important reason why chinese people have a so high reserve rate. In current situation, people have to warry about their future, including health problem, children's education, mortagage of property. Chinese goverments, including center and local, are very rich now, however, ordinary people still lack abilities to bear any healthy or unemployed risks.

health-care just one unavoided factor to make people scared to spend.Other fatal part incuding housing problem,retired
welfare... I am not sure if the massive job losses occurring is ture or not.What I firmly believe in is the current worldwide crisis magnified by few magnates.Because of their companies are about to bankruptcy.Such as GM,Ford,Chrysler...

If the Europeans are not criticizing us for too big a deficit, they are criticizing us for not providing government health care.

Who says our health care system does not work? If some people think they get it for free if the government provides it, that only illustrates their economic ignorance. In that category, Europe is still ahead of us (though certainly W. has been working to close the ignorance gap, but from the wrong direction).

SOCIALIZED MEDICINE WORKS!!!!

Europe, Canada - please, if you can, step up and show America and China how to fix our broken healthcare systems.

Wow. So -socialized medicine, funded by the government and handled at the community level worked in China, and the American model of profit driven care based in hospitals didn't.

What a surprise!

And the Chinese people's individual solutions are to save lots of money, because they know if they get sick, they will have to pay for their own care, so they hoard their money instead of invest it in China's day-to-day economy.

Instead of this article urging the Chinese to adopt the failed American model of uber-consumer, now that they have adopted the failed American model of profit driven medicine, Americans should learn from China's mistakes and fix our broken system here at home.

(1) The place of care needs to be the home, work and school, not the office, the clinic, or the hospital, and (2) basic healthcare for all provided by the government is the solution, not the problem, to boosting our economy. (Note to America - one of the biggest reasons the Big 3 automakers are in so much trouble is that they needed to provide health benefits to their retirees - that should be the government's job; the job of the Big 3 should be to make cars).

Get a clue, America - China had a workable health care system until they adopted OUR system.

Now both of us have broken health care systems.

so now US want to promot their "over-consumption" methodology to China too... haha, they want to see China also experience a Crisis in another 10 years?

The most important reason for the high savings rate in China is likely the government's one child policy. Parents will not have children to take care of things in their old age - a massive social/cultural change.

Actually, such a high savings rate for old age is just what Libertarians advocate here, since they want Social Security and pensions abolished. Expecting people anywhere to spend themselves into bankrupcy like our vainglorious USA is not in the cards.

One problem China has these days is that the US collapsed too quickly and completely - no one could have forecast this utter foolishness and disaster. Brand Wall Street is utterly trashed. China has won the economic wars with the US, it is vanquished. After adding the debts for bailouts and relocation of US corporate assets tp China, the USA will be essentially a Tributary State to China. But this premature collapse here means that China has an essential interest in US well being after a point. Will China lend a trilllion for bailouts? Or would it be more efficient to spend the money in China? Much of China's holdings are in US dollars and the US can't inflate out of debt any more without real collapse. What effect will that have on China? Are we now Siamese Twins or can China, with Japan and Korea, cut the US loose?

what do you mean "Chinese are not spending." Retail sales is up 20+%.

America is bancrupted, maybe spending the way out of trouble is the disease, not the cure. Maybe we should be taking the advice of the chinese

China or Chinese is too "scared" to spend is not mainly because of the poor health care system. It is the culture in China and also in many Asian nations that we all try to save as much as we could for the "rainy day". Also the trillion used in the article is a mis-present ation. If this figures falls on a nation of billions of people it won't account much for individuals. To be pragmatic, most of us would care more about our incomes from employment. Most of our priorities in spending is to buy food, cloths, and accommodation for the family before our personal health. In short China is not a rich nation as much as we like to think.

Yes, the medical situation in China is a disaster. Everyone here knows it. This article hits the nail exactly on the head on what needs to be done! Doctors often raise their meager salaries by prescribing high-priced tests and medicines, and patients who cannot pay upfront are denied services. Health care is so expensive and distorted that no matter how much you save, if you get sick you're going to end up poor. America's health care problems can't even compare.

The medical problem in China is not as bad as being potrayed by this article. Moreover it is from the US point of view which typical of the US. The medical problem in the US is more disastrous and since the president could be pressured by the lobbyist from the drug manufacturers, the US is more prone to endemic diseases like the avian flu. The drug manufactures could intentionally introduce the virus and force the US government to buy the antidote. China has shown its resilience in controlling and eradication of the disease. Normal sickness and cancers are common to all countries and is no issue in China. They have other alternative medicines and traditional form of treatments.

I think the writer is quite familiar of the reality of China,It is just the point why Chinese do not spending too much and save a lot,the health system is seriously flawed and the hospitals are charging unreasonably high,the most worried thing for ordinary Chinese is to get ill,one you've gor a serious disease,you may most likely end up dying without treatment because you can not afford the expence and the medical system provides little help.