01966cas a2200277 a 4500 AALejournalIMF018939 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484388778 1018-5941 BD-DhAAL BD-DhAAL Zhang, Longmei. China's High Savings : Drivers, Prospects, and Policies / Longmei Zhang, Ray Brooks, Ding Ding, Haiyan Ding. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (38 pages) IMF Working Papers <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 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. Today, high savings mostly emanate from the household sector, resulting from demographic changes induced by the one-child policy and the transformation of the social safety net and job security that occured during the transition from planned to market economy. Housing reform and rising income inequality also contribute to higher savings. Moving forward, demographic changes will put downward pressure on savings. Policy efforts in strengthening the social safety net and reducing income inequality are also needed to reduce savings further and boost consumption. Mode of access: Internet Brooks, Ray. Ding, Ding. Ding, Haiyan. IMF Working Papers; Working Paper ; No. 2018/277 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/277/001.2018.issue-277-en.xml IMF e-Library