"This paper investigates how China's saving, investment, and saving-investment balance will evolve in the decades ahead …. Household saving in China is relatively high compared with OECD countries. However, much of China's high economywide saving, and … the difference between China and other countries, are due to unusually high enterprise and government saving. Moreover …

"The author analyzes sectoral patterns of investment and saving in China-over time and compared with other countries … several policy debates. Key findings include: (1) investment by enterprises distinguishes China from other countries and … saving between China and other countries-the majority is explained by high saving of the government and enterprises (through …