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	<title>China Financial Markets &#187; Barcelona</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Why do Chinese save?</title>
		<link>http://www.mpettis.com/2009/05/29/why-do-chinese-save/</link>
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		<pubDate>Fri, 29 May 2009 09:35:23 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Asian development model]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Savings glut]]></category>
		<category><![CDATA[Barcelona]]></category>

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		<description><![CDATA[My apologies, but once again I have been too busy traveling to post as often as I would like. I am currently in Malaga, in southern Spain, in my family&#8217;s home, where incidentally I can see first-hand the consequences of the global economic crisis. After enjoying for nearly a decade the spectacular results of the [...]]]></description>
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