China: High Household Savings Thwarting Consumerism Efforts

January 22nd, 2011
in econ_news

great wall Econintersect:  One of the strategies that China could pursue to reduce global trade imbalances would be to increase domestic consumption.  The high household savings rate in China is a strong countering force to such efforts.

Follow up:

A research paper by Marcos Chamon, Kai Liu and Eswar Prasaud analyzes the savings rates in China and find that, combining households, enterprises and government, the savings rate in China exceeds 50% of GDP.  This is up from about 36% ten years ago.

Household savings is not growing as rapidly since 2007, but is maintaining a level about 20% of GDP.  Since GDP has been rising rapidly the absolute amount of household savings in China is still increasing.

Source:  GEI Analysis.    

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved