Research on the saving rate differences between China and United States
Yang Yibo
Abstract
Yang Yibo
Abstract
Researching the saving rate differences between China and US,we find that Confucian culture and saving rate increase of the enterprises are the main reasons of high saving rate in China,while Forward-looking consume culture and the change of consume behavior are the main reasons of low saving rate in US.The difference has a profound impact on both sides,because the high saving rate in China supports the liquidity and the stability of financial market in US,but US economy may lose the balance if it relies on too much on the high saving rate in China.
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Researching the saving rate differences between China and US,we find that Confucian culture and saving rate increase of the enterprises are the main reasons of high saving rate in China,while Forward-looking consume culture and the change of consume behavior are the main reasons of low saving rate in US.The difference has a profound impact on both sides,because the high saving rate in China supports the liquidity and the stability of financial market in US,but US economy may lose the balance if it relies on too much on the high saving rate in China.
Key concepts: China, Market liquidity, Balance (ability), Economics, Business, Monetary economics, Political science, Medicine