Free Trial

High Savings Linked To Income Growth - Analysts

CHINA PRESS
MNI (BEIJING)

Residents are continuing to save more in Q1 and will switch to consumption only after income levels recover, Yicai news agency said. Household deposits increased by CNY6.2 trillion in January, CNY792.6 billion in February, and CNY2.9 trillion in March, according to The People’s Bank of China data. Lower and middle income wages will increase this year as the economy recovers and this will drive consumer demand, an analyst said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.