Addressing The Savings Imbalance

March 2010
Asia Monitor: China & North East Asia Monitor;Mar2010, Vol. 17 Issue 3, p4
Country Report
The article analyzes several factors that help reduce or worsen savings imbalance in China. It says that higher real effective exchange rate (REER) appreciation is not enough to reduce the Chinese savings rate. It states that the bill issuance of the People's Bank of China (PBOC) is not also enough to reduce the underlying liquidity levels in the banking system. It suggests that structural changes are needed to address the country's excessive account surplus to reduce the savings rate.


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