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Thread: Preference for Sons in China leads to U.S financial crisis?

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[quote=LEONARDO,370783]Recently, an article entitled “Preference for Sons in China May Lead to Bubbles in U.S.” has been frequently cited on the internet. The article written by Justin Lahart was posted on the Wall Street Jornal. The article states that Chinese parents’ preference for sons has led to a severe sex ratio imbalance (Noticeably, the application of ultrasounds aggravates the sex ratio imbalance: far more boys than girls are born in China). The severe sex ratio imbalance has given rise to a growing number of “leftover” unmarried men. It has become more and more difficult for men to find wives. The marriage cost (In China, men bear almost the entire marriage cost) becomes higher and higher. Chinese families with sons try their best to save more to make their sons more attractive and hold an advantageous position in the competitive marriage mart in China; hence a very high saving rates in China. As a whole, the country (China) has a high saving glut and a large amount of foreign currency, then China uses the foreign exchange reserve to buy U.S national debt, which in turn contributes to the U.S housing and credit bubbles, even worse the U.S Financial Crisis.

After reading the article, I thought the article is very amusing and funny. Hence, I’d like to post the original article here and share it with you guys. Can you identify with the author’s logic and reasoning?  
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