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Capitalizing China$
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Joseph P. H. Fan and Randall Morck

Print publication date: 2012

Print ISBN-13: 9780226237244

Published to Chicago Scholarship Online: September 2013

DOI: 10.7208/chicago/9780226237268.001.0001

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Why Are Saving Rates So High in China?

Why Are Saving Rates So High in China?

(p.249) 5 Why Are Saving Rates So High in China?
Capitalizing China

Dennis Tao Yang

Junsen Zhang

Shaojie Zhou

University of Chicago Press

This chapter examines the high savings rate in China, beginning with an overview of the major trends in Chinese national saving in the past three decades. Drawing data from the World Development Indicators, China's Flow of Funds Accounts, and other sources of aggregate statistics, it compares the aggregate saving in China with that of representative economies and major country groups. The chapter then considers the factors behind the rising savings of the government, corporate, and household sectors, focusing on the period of 1999 to 2007. A commentary is included at the end of the chapter.

Keywords:   savings rates, national savings, aggregate saving, corporate saving, household saving

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