http://blogs.wsj.com/economics/2011/03/09/competition-for-brides-fuels-high-china-savings/
Competition for Brides Fuels High China Savings
One prescription for addressing China’s trade imbalance with the U.S. is to persuade the country’s tiger moms to loosen their purse strings.
Shang-Jin Wei, director of the Chazen Institute and a professor at Columbia Business School, said Wednesday that China’s demographic situation — 1.15 pre-marital-age men for every one woman — is the fundamental factor behind the nation’s high savings rate.
Shang-Jin Wei, director of the Chazen Institute and a professor at Columbia Business School, said Wednesday that China’s demographic situation — 1.15 pre-marital-age men for every one woman — is the fundamental factor behind the nation’s high savings rate.
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