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The Chinese Save Everything?
China plans to increase its investment in Asia, which will benefit Chinese businesses and provide employment for a large number of Chinese people. Simultaneously, this is propelled by a rise in capital thanks to a relatively high savings rate (about 45%). Only one other country saves more than China, and that's Singapore.
Watch more of this video from Major Wipeout' Of Fiat Currencies This Year To Cut Dollar In Half? | Alasdair Macleod.
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