Better rural healthcare

The 4.8 billion yuan ($703 million) that the Chinese government newly allocated for rural healthcare infrastructure may look unimpressive in comparison with the multi-trillion-yuan investment plans announced by the Ministry of Transport and the Ministry of Railway.

But the small size of this specific budgetary fund does not detract from the importance of such government expenditure. Improving rural healthcare with public fund would be a sure way to encourage people to save less and consume more.

That is even more crucial to the country's long-term development than building more roads and railways.