| ID | 131955 |
| Title Proper | Forced saving in China |
| Language | ENG |
| Author | Eckaus, Richard S |
| Publication | 2014. |
| Summary / Abstract (Note) | The explanation offered here for the high rates of saving in China is that much of the saving has been "forced" in two Benthamite senses. Involuntary saving, the first of Bentham's meanings, includes taxes which finance investment. These have made up more than half of the total savings in China in recent years. There is also forced saving in China in the form of Bentham's second sense, conduced saving, resulting from bank loans which have financed investment. While the existence of a savings glut has been suggested for China, a better characterization would be that it has had a high rate of investment. |
| `In' analytical Note | China Quarterly Vol. No.217; March 2014: p.180-194 |
| Journal Source | China Quarterly Vol. No.217; March 2014: p.180-194 |
| Key Words | Forced Saving ; China ; Saving ; Involuntary Saving ; Conduced Saving ; Savings Glut ; Financial Investment ; Economic Empowerment ; Bentham's Sense ; Investment ; Growth ; Economic Development ; Bank Loan |