List of countries by incarceration rate
China. The rate of 118 is for sentenced prisoners in 2015 in Ministry of Justice prisons only. World Prison Brief: "1,649,804 [prisoners] at mid-2015 (via Asian and Pacific Conference of Correctional Administrators - sentenced prisoners in Ministry of Justice prisons only, excluding pre-trial detainees and those held in administrative detention). The Deputy Procurator-General of the Supreme People's Procuratorate reported in 2009 that, in addition to the sentenced prisoners, more than 650,000 were held in detention centres In China. If this was still correct in mid-2015 the total prison population in China was at least 2,300,000. ... 118 [rate] based on an estimated national population of 1.4 billion at mid-2015 (from United Nations figures) – sentenced prisoners in Ministry of Justice prisons only. (A total prison population of 2,300,000 would raise the prison population rate to 164 per 100,000.)" See also: Re-education through labor and Laogai.
Financial repression
Financial repression "played an important role in reducing debt-to-GDP ratios after World War II" by keeping real interest rates for government debt below 1% for two-thirds of the time between 1945 and 1980, the United States was able to "inflate away" the large debt (122% of GDP) left over from the Great Depression and World War II. In the UK, government debt declined from 216% of GDP in 1945 to 138% ten years later in 1955.
China's economic growth has been attributed to financial repression thanks to "low returns on savings and the cheap loans that it makes possible". This has allowed China to rely on savings-financed investments for economic growth. However, because low returns also dampens consumer spending, household expenditures account for "a smaller share of GDP in China than in any other major economy". However, as of December 2014, the People’s Bank of China "started to undo decades of financial repression" and the government now allows Chinese savers to collect up to a 3.3% return on one-year deposits. At China's 1.6% inflation rate, this is a "high real-interest rate compared to other major economies”.