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| Author: | Wang, Jian |
| Title: | The change in economic development stage since the 1990s and the coming of high savings deposit stage (original in Chinese) |
| Journal: | Management World (c)
1998 : 6, p.57-63 |
| Index terms: | ECONOMIC GROWTH SAVINGS CHINA |
| Language: | chn |
| Abstract: | The heavy industry-led growth momentum appears again after 13-year "light industry-led economic growth". The main reason is the escalation of urban residents' consumption structure in 3 years of retrenchment. The next generation of consumption hot spots will point to housing and auto. As a result, residents' savings ratio is rising and will continue to keep an upward trend and be kept at over 40% for a long period of time in cross-century development. So after entering the age of high savings deposit, we should determine a rational investment rate. We should also control the external debt balance which has reached over US$ 100 billion and must not make it increase any more. In addition, we should guide capital market with a view to establishing a unblocked operational channel for the increased fund surplus in socio-economic operation. |
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