China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans

What does this mean for the U.S.?
Morningstar

China's middle class is quietly stockpiling cash - 'shadow saving' - and it could short-circuit the global economy

Households aren't broke, the available data indicate. They're just exhibiting a reluctance to spend. Flurries fall earlier this month at a shopping area in Beijing. On paper, China's middle class ...