The Puzzle of China’s Rising Household Saving Rate

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.
JOUR
Chamon, Marcos
Liu, Kai
Prasad, Eswar
2011
VoxEU.org
1626