In reality, the country has the fastest household spending growth rate of the 21st century, says Ruchir Sharma for the Financial Times. Edition: Singapore Indonesia Asia US/UK NEW YORK: The great half-truth about China is that its economy consumes too little and invests too much. Over-investment is a real problem, but underconsumption is not. So the mounting calls on the country to “rebalance” by encouraging more consumer spending are misguided. In the standard telling, China set out to become