Forbes.com: The Paper Standard

Forbes.com: The Paper Standard: " "a deputy governor of the People's Bank of China, Li Ruogu, can upbraid the U.S. for financial mismanagement and lay fair claim to some of the facts. 'The savings rate in China is more than 40%,' Li told the Financial Times in November. 'In the U.S. it is less than 2%. So the problem is that they spend too much and save too little.'"