Americans begin to save as Chinese start to spend
FLORIDA: The United States and China have been playing a little economic role reversal as both countries adjust to the new realities created by the global recession.
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“The fact that our savings rate is going through this change is good news,” said Ali Parhizgari, global finance scholar and professor at Florida International University’s College of Business Administration. “But unfortunately, it is slowing down the process of recovery.”
Read: “Economic stimulus plans create role reversal“, an article from The China Daily US Edition.