China enjoys very high national saving rate, 51% in 2006 and since 1990, China maintains national saving rate at about 40%. Its remarkable high saving rate contributed to China’s substantial trade and current account surpluses. High household savings and low consumption rate in China contribute to the trade surplus by depressing the demand for imports and by forcing domestic firms to look abroad for markets such as oversea investment and acquisition of foreign assets.
Below is the chart of China national saving rate
and trends from year 1997 - 2009:
National saving rates of main countries
Below is the comparison of national saving
rates among China, US, EU, Japan, and average
national saving rates of developed and developing
countries for the year 2006:
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