Video Link: https://www.youtube.com/watch?v=pw7Tol3wcU8

High Savings Rate Hinder Economics?
Follow us on TWITTER: twitter.com Like us on FACEBOOK: http://www.facebook.com China #39;s national savings rate has exceeded 50%, but was considered to be one of the reasons for underpowered domestic consumption. Some so-called experts said, making people dare to consume and consume actively could accelerate progress out of an economic recession and promote economic restructuring. However, economists said that the so-called economic reform results in China, were all looted away by the Chinese Communist Party (CCP) privileged interest groups. To promote economic restructuring, it should not start from the citizens, but the CCP privileged class. On 21st November, People #39;s Daily published an article pointing out that China is facing the dual challenges of the international financial crisis and the adjustment of economic structure, boosting domestic demand and expanding consumption have become important means to promote economic restructuring. The report referred data from the International Monetary Fund, saying in the early 1990s, China #39;s household savings accounted for more than 35% of the gross domestic product. In 2005, the Chinese savings rate was up to 51%, while the global average savings rate was only 19.7%. In 2009, China #39;s household savings rate was 52%, and the savings balance exceeded 18 trillion Yen; the savings rate ranked first in the world, and per capita savings was more than 10000 Yen. However, while China #39;s national savings rate climbed, consumers #39; willingness to ...From:ChinaForbiddenNewsViews:0 0ratingsTime:04:23More inNews Politics

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High Savings Rate Hinder Economics? - Video