Regarding the high savings rate of Chinese residents, official media commented that it is necessary to guide residents from excess savings to consumption.
Securities Times on Wednesday (February 15) published an article on the front page that in recent years, Chinese residents have grown rapidly in recent years, due to various reasons.First of all, Chinese residents have long has a strong savings habit for a long time; second, the economic impact brought by the epidemic has increased the preferences of residents' liquidity; third, residents have decreased.
The article states that there are advantages and disadvantages to increase residential deposit data.For individuals, it can withstand the risks of uncertainty in the future, but because currency can only promote economic growth only in the market, the existence of banks will only cause currency squeezing, and it also reflects the weakening of future expectations and insufficient consumption demand.The willingness to invest in decline in investment.
The article wrote that how to make residents transform from excess savings to consumption has become the top priority of China's economic work.In the next step, targeted measures should be taken to stabilize the expectations and confidence of residents through a series of effective policy combinations, and further boost residents' consumption and investment.
As for the specific method, the article proposes that on the one hand, the issuance of consumer vouchers in various regions is encouraged, and on the other hand, it is to encourage car consumption and sink to a wider town and rural market.In addition, this year's relevant departments can also choose to reduce interest rates.These measures are conducive to promoting the transformation of excess savings to consumption.
The article finally wrote that the key to truly boosting consumer confidence is to increase income and ensure people's livelihood.In the future, it is still necessary to further improve the full -coverage social security system, better meet the urgent needs of residents' pension, medical treatment, education, etc., and reduce the worries of residents and reduce their willingness to save defense.
Financial data released by the Bank of China in January this year shows that the monthly deposit of residents increased by 6.2 trillion yuan (RMB, about 1.21 trillion yuan), a record high in the same period, an increase of 790 billion yuan year -on -year.
