Jump to ContentJump to Main Navigation
The Oxford Companion to the Economics of China$
Users without a subscription are not able to see the full content.

Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 November 2019

China’s high saving puzzle

China’s high saving puzzle

(p.190) 28 China’s high saving puzzle
The Oxford Companion to the Economics of China

Guonan Ma

Dennis Tao Yang

Oxford University Press

This chapter examines China’s extraordinarily high and rising savings rate. China saves more than half of its GDP, exceeding all Organization for Economic Co-operation and Development (OECD) economies and ranking the highest among all global economies of significant size. China is an outlier in the prediction of aggregate saving from a wide range of empirical models. The chapter considers the key driving forces behind the high savings rates of government, corporate, and household sectors as well as their interactions. It looks at the prospects for China’s gross national saving rate and the policies useful for rebalancing the Chinese economy.

Keywords:   aggregate savings rates, sectoral income distribution, economic imbalances, economic policy

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .