China’s $1.04 Trillion Trade Surplus Masks Weak Domestic Demand
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China recorded a $1.04 trillion trade surplus in the year’s first 10 months, but weak domestic demand threatens long-term growth. Households typically save at least one-third of earnings, while consumption equals 39% of GDP and social protection spending about 10%, versus an OECD average of 23%.
Continue in the app — vote & join in ➔Source: Al Jazeera English · via ahirlevel.hu