People's Republic of China: Selected Issues

International Monetary Fund

No 2017/248, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; debt; firm; rate; saving; PBC; household saving; nonviable zombie; Gini index well; economy China; overcapacity firm; restructured firm; firm value; Income inequality; Social assistance spending; Central bank policy rate; Income; Housing prices; Global; Asia and Pacific; Southeast Asia (search for similar items in EconPapers)
Pages: 77
Date: 2017-08-15
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