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China Needs More Economic Freedom—Not a Bigger Welfare State

Audio Mises Wire

Tags Global EconomyMoney and Banking

02/23/2021Mihai Macovei

Mainstream economists claim China needs more consumption and a bigger welfare state. They think China's high savings rate is a bad thing. These economists are wrong. 

Original Article: "China Needs More Economic Freedom—Not a Bigger Welfare State"

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Contact Mihai Macovei

Dr. Mihai Macovei (macmih_mf@yahoo.com) is an associated researcher at the Ludwig von Mises Institute Romania and works for an international organization in Brussels, Belgium.

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