Why China Can't Save The World

While the Chinese economy is growing rapidly and becoming enormous, here’s a reminder that China still can’t lead the global economy into growth.

As seen below, China’s expenditures remain too small relative to those of the US, Europe, and to a lesser extent Japan.

China Expenditure
China Expenditure II

(Charts via Societe General, “Global Market Outlook” Presentation, 21 August 2009)

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