Brad Setser
@Brad_Setser
CFR senior fellow. Views are my own. Writes on sovereign debt, trade, fx reserves and capital flows.
가입 May 2016
1.1K 팔로잉 중 158.4K 팬
Constructive suggestions from HSBC.
Need to start somewhere.
and frankly the policy goal should be to get the migrant savings rate down under 20% (with higher basic pensions reducing the need for low i come workers to save current income)
더 보기
1/3
SCMP: "HSBC estimated that lowering the high precautionary savings rate of migrant workers from 54% to 45% – closing half the gap with registered urban residents – could unlock 637 billion yuan in additional spending a year, equivalent to roughly 0.5% of annual GDP."
더 보기
