2 ms·
I have heard (though I have not seen the hard statistics) that the savings rate in china averages 1/3rd of take home pay. This more than any "analysis" made me
by nazgulnarsil 17y ago
I have heard (though I have not seen the hard statistics) that the savings rate in china averages 1/3rd of take home pay. This more than any "analysis" made me think that china will make good on its economic aspirations. for god's sake even some PROFESSIONAL ECONOMISTS in America think that consumption improves an economy rather than deferred consumption and investment.
- unohoo 17y agoI wont be surprised if thats their savings rate - savings rate is similarly pretty high in india and several other asian countries as well. however, the advent of capitalism and 'opening the economy' has seen some recent dwindling of the savings rates.