China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans

What does this mean for the U.S.?
MarketWatch

China’s middle class is quietly stockpiling cash — ‘shadow saving’ — and it could short-circuit the global economy

On paper, China’s middle class should be spending. Savings are high. Bank deposits are swelling. Interest rates are falling. If anything, conditions look primed for a consumer boom. Back To Top ...

AI, middle class and trade to drive global growth despite Iran conflict: HSBC chairman

Artificial intelligence can support growth, while rising middle class could fuel consumption and wealth, HSBC chair says in ...