Blaming Game - Lack of Freedom Causes Global Imbalances
 

It is well-known that the Chinese trade surplus, or the excess of its exports over its imports, is the counterpart of too much saving, which leads to unfair advantages and possibly deflationary pressure on a global scale.

http://marketnoise.blogspot.com/2010...om-causes.html

It is always an advantage to have less debts.

but they are delaying thier enjoyment... if they dont spend now, their kids will spend on their behalf... wats the point?