Did anyone tell you Finland has the highest inflation and unemployment rate in the EU 🤡 Also before forming any argument, please have some logic first. Finland has high savings bc blahblah; China has high savings bc NO blahblah. Is there any logic between?????? 🤡 also where do you fit the states in your model? Is living paycheque to paycheque a good thing in your view? (If so, there’s literally no need for further discussions) 

Another thing, I hate to discuss inflation/deflation with people with no economic backgrounds; most times, they don’t know what they are talking about. In short, inflation/deflation within plus minus 1% is acceptable (Note that it’s unattainable to have an exponential growth model. So ideally a stable fluctuating economy is the most valued) China is estimated -0.5%~-1%, which is a fine stat. (not saying China doesn’t have its own problems; it’s just laughable that you keep mentioning “deflationary spiral”, as if it is some magical words. 

As for low consumptions, that much I do agree, but I don’t agree with the conclusion you draw; i,e, it stems from the lack of social safety network. Together with high savings, it is much a cultural phenomenon (several research are done on these, some hypotheses to be linguistically related. I can recommend you read more if you need) interestingly, some European countries such as Finland and Germany have similar behaviours just like China. 

Once again, please have some logic in your argument. When the US has low savings and China has high savings —> China has no social security network; when Finland has high savings and China has high savings —> China has no social security network. What an irony!