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Barney: I know that you feel that it is not fair for Chinese to have so high savings rate in the international competition. Actually, the Chinese government is encouraging domestic consumption now so that its economy can be less dependent on export.
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Well, they're not doing their best. The current account balance is.. well.. pardon my french, proper f****d. It is a problem of the entire world. They are not investing as much as they should (and I don't think that it is possible for the governement to deal with this). Tell me, what is the interest rate? What is the tax on stock exchange profits? What is the tax on dividends?
And don't get me started about the recent happenings in Shanghai.