February 2013

IZA DP No. 7223: China's High Saving Puzzle

published in: Shenggen Fan, Ravi Kanbur, Shnag-Yin Wei and Xiaobo Zhang (eds): Oxford Companion to the Economics of China, 2014, 190-193

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored.