China's High Saving Puzzle
AbstractThis paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 7223.
Length: 11 pages
Date of creation: Feb 2013
Date of revision:
Publication status: forthcoming in: Oxford Companion to the Economics of China
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Find related papers by JEL classification:
- E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dennis Tao Yang, 2012.
"Aggregate Savings and External Imbalances in China,"
Journal of Economic Perspectives,
American Economic Association, vol. 26(4), pages 125-46, Fall.
- Yang, Dennis Tao, 2012. "Aggregate Savings and External Imbalances in China," IZA Discussion Papers 6964, Institute for the Study of Labor (IZA).
- Guonan Ma & Wang Yi, 2010.
"China's high saving rate: myth and reality,"
BIS Working Papers
312, Bank for International Settlements.
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