BIS Working Papers No 312 China ’ s high saving rate : myth and reality

  title={BIS Working Papers No 312 China ’ s high saving rate : myth and reality},
  author={Guonan Ma and Wang Yi},
The saving rate of China is high from many perspectives – historical experience, international standards and the predictions of economic models. Furthermore, the average saving rate has been rising over time, with much of the increase taking place in the 2000s, so that the aggregate marginal propensity to save exceeds 50%. What really sets China apart from the rest of the world is that the rising aggregate saving has reflected high savings rates in all three sectors – corporate, household and… CONTINUE READING


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