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CNBC
@CNBC
First in business worldwide.
Joined February 2009
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High healthcare costs are a big factor driving people in China to save, rather than spend, their money, data from the International Monetary Fund showed. In rural China, 8.7% of disposable income is spent on healthcare — just second to the U.S. among 20 major economies, the research found. The U.S. ranks the highest in the world with nearly 9.9% of disposable income spent on healthcare. Urban China ranks third at 5.4%, slightly more than Canada. See how China’s healthcare burden measures up globally:
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