15-08-2022, 12:48 PM
The Chinese savings rate of 44.9% remains high by global standards, and it was a significant factor in China's economic growth.
The savings rate measures the share of gross disposable income that is not used by households in final consumption expenditure. It is defined as household savings divided by (unadjusted) gross disposable income.
The savings rate measures the share of gross disposable income that is not used by households in final consumption expenditure. It is defined as household savings divided by (unadjusted) gross disposable income.