On the contrary, financial and economic insecurity has gripped Chinese households since the “iron rice bowl” – the cradle-to-grave support that the socialist state offered workers and their families – was discarded in the late 1990’s. Fearing for the future, households have hoarded incremental income, rather than spending it on consumer goods.
相反，金融和经济的不安全自20世纪90年代末“铁饭碗”——社会主义国家向工人及其家庭提供的从摇篮到坟墓的支持——被打破以来一直困扰着中国家庭。出于对未来的担忧，家庭将新增收入储藏起来，而不是用于购买消费品。经济学家称之为预防性储蓄。中国领导人认为这令人沮丧。