China’s high and rising urban saving rate in a climate of vigorous per capita income growth reflects a persistent preference for precautionary saving over discretionary consumption. Unfortunately, this is a rational response to the uncertain future faced by the majority of Chinese families, underscored by the lack of a reliable social safety net.
在人均收入强劲增长的情况下，中国城市储蓄率依旧高企并在不断升高，这反映出中国人的预防性储蓄偏好持续高于自由支配消费。不幸的是，这是对中国大部分家庭所面临的不确定的未来的理性反应，其背后是缺乏可靠的社会安全网。此外，随着迅速老龄化的人口现在进入到生命周期中最脆弱的阶段，对退休金和医疗保险不足的焦虑将加剧。