People in China are spending nearly as much of their income as Americans on healthcare
Summary
The International Monetary Fund suggests that China could increase domestic consumption by raising public spending on healthcare. Citizens in China currently allocate a significant portion of their earnings to medical expenses, matching the spending levels seen in the United States.
Increasing government spending on healthcare could help boost consumption in China, the International Monetary Fund said.
Source: Read the full story at US Top News and Analysis
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