The Puzzle of China’s Rising Household Saving Rate

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Citation

Chamon, Marcos; Liu, Kai; & Prasad, Eswar (2011). The Puzzle of China’s Rising Household Saving Rate. VoxEU.org.

Abstract

In an effort to reduce its sizeable current-account surplus, the Chinese government has made it a priority to “rebalance” growth in China by stoking private consumption. This column examines the determinants of the high household saving rate that keeps Chinese consumption so low.

URL

http://dyson.cornell.edu/faculty_sites/prasad/doc/ChinaSavingsVoxEU.pdf
http://www.voxeu.org/article/puzzle-china-s-rising-household-saving-rate

Reference Type

Journal Article

Year Published

2011

Journal Title

VoxEU.org

Author(s)

Chamon, Marcos
Liu, Kai
Prasad, Eswar