US President George W. Bush wants China to stop hoarding money and buy more US-made products. The president said China should place greater focus on consumption "because now they're a society of too many savers," AFP reported. "And the reason why they're saving so much money is because there's not a pension plan or a legitimate health care system. And so, therefore, people hoard the money they have in anticipating a bad day," Bush told radio talk-show host Rush Limbaugh. "If we can encourage China to become a country of consumers, you can imagine what it would mean for US producers and manufacturers to have access to that market." The president also said his country should remain in East Asia to ensure stability, which is "essential for the United States."
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