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| Tekijä: | Xu, Jingyong |
| Otsikko: | Analysis on the mystery between lowering of interest rate of deposit and increasing in saving prospensity (original in Chinese) |
| Lehti: | Research on Financial and Economic Problems (c)
1999 : 1, p.33-36 |
| Asiasana: | INTEREST RATES BANK DEPOSITS CHINA |
| Kieli: | chn |
| Tiivistelmä: | From May 1996 to December 1998, the central bank lowered the interest rate of deposit six times in succession. This action didn't bring about large-scale shunt of bank's saving deposits. In the contrary, saving prospensity tends to be higher. What are reasons for this phenomenon? (1) The prerequisite of the six lowerings of deposit interest rate in succession is not to infringe depositor's real economic benefits. (2)At present, there exists fault phenomenon in residents' consumption in both urban and rural areas. (3)The mass of stock-holders lack confidence in the prospects of stock market. (4)The main purpose of residentts' saving is for accumulation (such as preparations for the old-age). (5)A large number of residents' deposits are risk-prevention deposits. |
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