The only way to sustain high levels of consumption in the face of stagnant incomes was for poor and middle-class households to borrow (see Chart 2). In other words, the increase in the ratios of debt ...

the United States (see Chart 1). This is a stunning development. But is it enough to reassure those who have long stressed that China should increase consumption to make its spectacular growth even ...

Our country’s economy sustains a strong growth rate. The GDP (Gross Domestic Product) increased by 0.8% in the summer, ...