Chinese Household Savings Surge to 50 Percent

Experts concerned about impact on the economy

By He Ping , The Epoch Times, September 19, 2013

The People’s Bank of China released a study showing that China’s household savings rate has exceeded 43 trillion yuan (US$ 7 trillion) for three consecutive months, more than doubling the rate of 20 trillion yuan of five years ago. Economic experts are concerned about the impact the rapid increase may have on the overall economy….(…)

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