DebateGate
General Category => 3DHS => Topic started by: Plane on February 12, 2007, 11:30:41 PM
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How much capital does China have to invest in building its future?
The government's foreign-exchange reserve -- the result of the country's huge trade surplus with the rest of the world -- stands at more than $1 trillion. Direct investment in China from other nations came to $111 billion in 2006. The country's famously high individual savings rate, estimated at about 16% of gross domestic product by the World Bank in 2006, has stocked banks with $4 trillion in deposits. Chinese corporations are actually saving even more than individuals, about 22% of GDP, according to the World Bank. The Chinese government actually shows a surplus, kicking in savings equal to 6% of GDP to the national pot of capital.
http://articles.moneycentral.msn.com/commentary/experts/jubak/jim_jubak.aspx?msn=1
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Whew wouldn't want those problems.