The Bank of China data shows that the deposit in January increased by 6.87 trillion yuan (RMB, the same below, 1.34 trillion yuan), an increase of 3.05 trillion yuan year -on -year.Among them, the increase in household deposits accounted for most of the current growth, reaching 6.2 trillion yuan, showing that residents are more inclined to save money.
The latest data released by the People's Bank of China shows that the increase in residential deposits in January this year hit a record high at the same time, and the "excess savings" problem caused a discussion of weak consumption after the epidemic.Chinese official media said that the transformation of residents from excess savings to consumption has become the top priority of China's economic work.
The Chinese people interviewed said that although the epidemic has passed, the psychological sequelae are still there, and they feel "uncontrollable" in the future to make consumption more conservative.Economists interviewed and judged that the recovery of consumption confidence will take a while, but "excess savings" can provide enough "ammunition" for the later consumption force.
The People's Bank of China data shows that the deposit in January increased by 6.87 trillion yuan (RMB, the same, the same is S $ 1.34 trillion), an increase of 3.05 trillion yuan year -on -year.Among them, the increase in household deposits accounted for most of the current growth, reaching 6.2 trillion yuan, showing that residents are more inclined to save money.
At the same time, loans increased by 4.9 trillion yuan in January, of which residential loans increased by only 257.2 billion yuan, an increase of 585.8 billion yuan year -on -year, showing that the overall credit demand of residents was still yet to be repaired.
Chongqing residents: more reliable to deposit money banks
Chongqing resident Qiao Xing (freelancer, 38 years old) said in an interview with Lianhe Morning Post that although the car water and horse on the street have been restored, many people can still feel that they still dare not let go. Compared with the current optional available options, it is currently available.Investment methods and income, putting money directly to the bank is a more reliable choice.
Qiao Xing used herself as an example that her husband originally suggested that she recently invest in milk tea shops or catering industry, but she was rejected.She said that the three -year epidemic is finally over, but psychological trauma still takes a period of time to recover. "I always feel that some things are uncontrollable. I don't know what will happen suddenly in the future. Let's talk about it for a while."
The crown disease epidemic has led to weak consumption in China, and the tourism industry has been severely damaged.Peng Song (41 years old), a senior practitioner in the cultural tourism industry and the head of the scenic area operating company, believes that the next one to three years will be a chance to rebound in the Chinese cultural travel industry, but he will not consider heavy asset investment for the time being.
He said: "The stability and continuity of domestic policies in recent years are not easy to judge. In case of repeated policies similar to epidemic prevention, or crackdown like the education industry, it may be fatal to private enterprises."
Peng Song believes that "over -savings" shows that people's expectations for future life decrease, and uncertainty of medical care, pension, and unemployment increases.? "
TheSecurities Times article pointed out that there are advantages and disadvantages to increase residents' deposits.For individuals, it can withstand the risks of uncertainty in the future, but also reflects problems such as weakening in future expectations, insufficient consumption demand, and decline in investment willingness.
Expert: "Excess savings" main reason is insufficient consumption confidence
Xie Dongming, director of the research director of the Greater China of Singapore Overseas Chinese Bank, pointed out in an interview with Lianhe Morning Post that "over -savings" is mainly due to insufficient consumption confidence, which is related to China's overall economic environment last year, especially the real estate industry has been greatly impacted. "This is the largest project in ordinary people in China. "
Fu Fangjian, an associate professor of Li Guangqian Business School of Singapore Management University, believes that the current consumption situation is not the same as the epidemic period, but it takes a little more time to reflect the data. After about the first quarter, the deposit may decline.
The Securities Times article also suggested that the next step should be taken to take targeted measures, and through the series of effective policy combinations, stabilize the expectations and confidence of residents, and further boost residents' consumption and investment.
Xie Dongming and Fu Fangjian believe that "excess savings" is a matter of consumption confidence, but it is not a matter of consumption power."Excess savings" may turn into favorable factors when consumer confidence is recovered, because these extra money will become "ammunition" for consumption.
The recovery of consumption confidence and the overall trend of China's economy this year, both economic analysts are optimistic.Xie Dongming said that the obstacle of the epidemic has been removed, and the high -level Chinese seniors have emphasized economic development since the end of last year, and "the political will is also very clear."
Fu Fangjian also pointed out that many international institutions have very positive economic expectations for China. I believe that with the loosening of epidemic prevention measures, consumption will have a significant recovery. "When the May 1st holiday, the scene of retaliated consumption will inevitably appear."
The International Monetary Fund raised China's economic growth expectations to 5.2 % on January 31, 0.8 percentage points higher than the previous forecast value.
Multiple international institutions and investment banks have also raised China's economic growth expectations this year since last month. International rating institutions have been raised to 5 %, and international investment institutions Nomura Securities will be adjusted to 5.3 %.%, Morgan Stanley was adjusted to 5.7 %.
