Chinese Household Income, Consumption and Savings

Kate Stratford and Arianna Cowling
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Kate Stratford: Reserve Bank of Australia
Arianna Cowling: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2016, 31-40

Abstract: Household income and spending in China have grown rapidly over the past few decades, and income inequality has also risen. The various measures of China’s aggregate household saving rate have all increased since the 1990s, and variation in saving behaviour by income group suggests that increasing the income of poorer households in particular would boost aggregate consumption. Changes in Chinese household consumption patterns as incomes rise have the potential to lead to higher imports of services and food from Australia in the long run. However, uncertainty around the outlook for growth of Chinese household income, consumption and saving is increasing as economic growth moderates in China.

Keywords: China; households; income; saving; consumption; income inequality; saving rate (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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