China’s high savings: drivers, prospects, and policies by Longmei Zhang, Ray Brooks, Ding Ding, Haiyan Ding, Hui He, Jing Lu and Rui C. Mano published by IMF (12/2018). “China’s high national savings rate-one of the highest in the world-is at the heart of its external/internal imbalances. High savings finance elevated investment when held domestically, or lead to large external imbalances when they flow abroad…”
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