In this paper, we define “The Chinese Saving Puzzle” as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000 to 2008. Using data from the Flow of Funds Accounts...

The welfare equalization effect of China's housing reform is examined in this study using data from the China Urban Household Survey (CUHS) between 2002 and 2009. Low-income households who had access to housing reform homes (HRH) profited from the reform more than other low-income households,...

In this paper, we define "The Chinese Saving Puzzle" as the persistently high national saving rate at 34-53 percent of gross domestic product (GDP) in the past three decades and a surge in the saving rate by 11 percentage points from 2000-2008. Using data from the Flow of Funds Accounts (FFA)...