China s High Savings Drivers Prospects and Policies is popular PDF and ePub book, written by Ms.Longmei Zhang in 2018-12-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, China s High Savings Drivers Prospects and Policies can be Read Online from any device for your convenience.
China s High Savings Drivers Prospects and Policies Book PDF Summary
China’s high national savings rate—one of the highest in the world—is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption.
Detail Book of China s High Savings Drivers Prospects and Policies PDF
- Author : Ms.Longmei Zhang
- Release : 11 December 2018
- Publisher : International Monetary Fund
- ISBN : 9781484388778
- Genre : Business & Economics
- Total Page : 38 pages
- Language : English
- PDF File Size : 14,9 Mb
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