various consumption and investment goods. Contrary to other studies, the author finds that households receiving remittances … remittances. Instead of spending on consumption, households receiving remittances tend to spend more on investment goods, like … households with no remittances. These increased expenditures on education represent investment in human capital. Like other …

"This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …, cross-country empirical analysis shows that economywide saving and investment in China are higher than what would be …-saving and investment would both decline only mildly in the coming two decades, with ambiguous impact on the current account …

"The author analyzes sectoral patterns of investment and saving in China-over time and compared with other countries …-to shed light on the factors driving high investment and on how saving is channeled into investment. The findings inform … several policy debates. Key findings include: (1) investment by enterprises distinguishes China from other countries and …

. The study was funded by the Bank's Research Support Budget under the research project "Contractual Savings Institutions …