Yang, Dennis Tao; Zhang, Junsen; Zhou, Shaojie - Hong Kong Institute for Monetary Research (HKIMR), … - 2010
In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000 to 2008. Using data from the Flow of Funds Accounts (FFA)...
