China's high personal savings rate (roughly 3x that of advanced Western economies) exists because there is no state pension provision; when China's demographic ratio worsens, the savings rate will likely collapse.
causalpending
Speaker
Charles GoodhartEvidence Quote
“If the savings ratio goes down a lot in China... likely to have higher interest rates... less investment... growth worldwide will slow down.”
Created: 8/12/2026, 6:30:58 PM
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