Africa
Policies may boost savings more than culture
Submitted by loner on 8 July, 2009 - 4:05pmWith a rise in US savings putting unbearable pressure on China's low consumption rate, leading to the risk of a collapse in China's ability to export its overcapacity, the question about why Chinese households save so much of their income has become more important than ever.
Everyone seems to know the answer. Chinese households save, many insist, because the Confucian culture encourages saving for the future. Saving is deeply and culturally imbedded in the Chinese psyche.
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Chungking: Africa's handset hub
Submitted by loner on 16 February, 2009 - 12:14am- Africa
- cellular telephone
- China
- Chinese new year
- Chinese University of Hong Kong
- Egypt
- Even accounting
- Financial Times
- Ghana
- Gordon Mathews
- handset trader
- Hong Kong
- Igbom
- intricate network
- Kenya
- Kingsley Igbom
- Lagos
- mobile phones
- Nathan Road
- New Year's Day
- Nigeria
- Nigerian Communications Commission
- Peter Shadbolt
- sports bags
- sub-Saharan Africa
- telecommunications
- the Financial Times Hong Kong
- the Post
- Togo
Nathan Road trade corners market in mobiles for half a continent
Under the harsh glare of Chungking Mansions' fluorescent lights, Nigerian handset trader Kingsley Igbom is having a cash-flow problem.
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What did I say then?
Mainland leaders have held several lengthy meetings in the past few weeks to discuss revaluing th...
