The disconnect between surging services and lagging growth in private consumption has been accompanied by a steady rise in China’s urban saving rate to 30% in 2014 (versus 24% a decade earlier). This has occurred despite a significant increase in the personal income share of the Chinese economy, driven by services-led employment growth and the income leverage of urbanization.
伴随服务业的狂飙突进和私人消费增长滞后之间的分化出现的是中国城市储蓄率稳步上升至2014年的30%（十年前为24%）。这一增幅发生在个人收入占中国经济比重大幅增加的背景下。服务业拉动的就业增长以及城市化的收入杠杆效应使得个人收入占中国经济比重大增。中国家庭不愿意将新增收入的大头用于自由支配支出。