Speaking on the sidelines of the inaugural SMU China Forum, Professor Gan Li, Dean of Research Institute of Economics and Management at Southwestern University of Finance and Economics, expressed his optimism that the US economy would grow at a healthy rate of 2–3 per cent in 2014, this would benefit the rest of the world. He also shared that those families in the top 5 per cent income bracket in China spend 30 per cent of their income and save the remaining 70 per cent, while 40 per cent of families do not have any savings in any given year (i.e. they spend all their earnings). If China is able to successfully tackle its income distribution problem, then the problem of insufficient consumption will naturally be solved.