高盛：2025年聚焦亚洲：中国如何鼓励家庭消费报告（英文版）

China’s household savings rate is the highest among major economies. As policymakers start to focus on boosting consumption for a more sustainable growth model, the question of how to reduce household savings remains largely unanswered. There is generally a positive correlation in the relationship between per capita GDP and national savings rates across the world, implying further economic development will not necessarily reduce China’s savings rate on its own. In this note, we examine findin