01733cas a2200241 a 4500 AALejournalIMF017878 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484314722 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Asia and Pacific Dept. People's Republic of China : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (77 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper examines the drivers and prospects for high levels of savings in China. China has one of the highest levels of national savings in the world, which is at the heart of its external and internal imbalances. High and rising household savings have mainly resulted from demographic changes as a result of the one-child policy and the breakdown of the social safety net during the transition from a planned to a market economy. Demographic changes will put downward pressure on national savings. Policy efforts to strengthen the social safety net and reduce income inequality are also needed to reduce savings further and faster and to boost consumption. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/248 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/248/002.2017.issue-248-en.xml IMF e-Library