People's Republic of China: Selected Issues

August 15, 2017

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Format: Chicago

People's Republic of China: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: 中文

Summary

This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption.

Subject: Central bank policy rate, Expenditure, Financial services, Housing prices, Income, Income inequality, National accounts, Prices, Social assistance spending

Keywords: Asia and Pacific, Central bank policy rate, CR, Debt, Economy China, Firm, Firm value, Gini index well, Global, Household saving, Housing prices, Income, Income inequality, ISCR, Nonviable zombie, Overcapacity firm, PBC, Rate, Restructured firm, Saving, Social assistance spending, Southeast Asia

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/248
Stock No:

1CHNEA2017002
ISBN:

9781484314722
ISSN:

1934-7685

Notes

Also available in Chinese

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