Altering China's habit of saving

The Chinese are among the world's biggest savers and stingiest spenders, a trait the Communist Party hopes it can change to spur economic growth. Since 2002, saving in China has increased by nearly 12 percentage points and since 2000, consumption has been falling. Read related article.

China's habit of saving
Source: World Bank. The Washington Post. Published on July 5, 2012, 8:09 p.m.
 
Read what others are saying