【出版时间及名称】：2010年1月中国宏观经济研究报告
        【作者】：汇丰银行
        【文件格式】：pdf
        【页数】：52
        【目录或简介】：
fiscal stimulus 4
Growth will remain strong 4
Tightening or redirecting? 6
The art of slowing down 7
Conclusion 9
Putting the money where it’s
needed 10
Welfare burden has shifted to the private sector 10
The government saves and invests a lot… 10
… but it spends too little on education… 11
…and healthcare 12
Public housing 14
Positive for consumer spending 15
The rise of consumer finance 16
New engine for bank profits 16
Consumer credit with Chinese characteristics 17
Consumer credit to rise 20
Savings rate to fall - but when
and by how much? 23
Who are China’s big savers? 23
Savings rate is likely to fall: but how soon and by
how much? 26
How to spend it? 29
Party on 29
Service sectors: healthcare, education and tourism 33
Commodity prices 36
Economic indicators & forecasts 38
Disclosure appendix 47
Disclaimer 48