Tag: #income

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People in China are spending nearly as much of their income as Americans on healthcare

Monday, October 26, 2026 | 12:14

The findings are featured prominently in a newly published book from the international financial institution titled "Toward a New Economic Growth Model for China," shedding fresh light on the deep-seated anxieties that continue to suppress domestic consumption in the world’s second-largest economy. According to the IMF’s research, the financial burden of medical care falls disproportionately […]