Press "Enter" to skip to content

Savings culture is fading—China saw growth of savings hit slowest in 40 years

China's total savings in financial institutions increased by 8.3 per cent year in August from a year earlier, the slowest growth in 40 years, according to data released by the People's Bank of China (PBOC). You should know the growth never fell below 9 per cent in the past 39 years, after hitting a low of  6.9 per cent seen in December 1978.

 

To continue reading, please subscribe.

We highly value independence. Yuan Talks is solely funded by subscriptions from readers like you. 

What you'll get:

  • High-quality & in-depth reporting on the most important topics about China's economy and financial markets
  • Daily Brief newsletter to give you a full picture of what's happening in China every weekday
  • Exclusive interviews with China experts
  • Conference calls and events 

We are not content with general information that you can get everywhere. We go deeper to get details, data and perspectives you won't read elsewhere! 

 

JOIN FOR FULL ACCESS

Already have an account? Sign In

Top