TY  - BOOK
AU  - Zhang,Longmei
AU  - Brooks,Ray
TI  - China's High Savings: Drivers, Prospects, and Policies 
T2  - IMF Working Papers
SN  - 1484388771 :
PY  - 2018///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Aggregate Factor Income Distribution
KW  - imf
KW  - Consumption
KW  - Demographic Trends And Forecasts
KW  - General
KW  - Social Security And Public Pensions
N2  - 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
UR  - http://elibrary.imf.org/view/IMF001/25647-9781484388778/25647-9781484388778/25647-9781484388778.xml
UR  - http://www.imfbookstore.org/IMFORG/9781484388778
ER  -