Why do Chinese people more love to save money?

For the residents of my country, the attitude towards the "concept of money" has always been very conservative. In most cases, people leave a part of the "idle money" to deposit to the bank in order to prepare from time to time. Recently, there are two sets of data, which makes people feel: Chinese people love to save money.

In the first half of the year, resident deposits increased by more than 10 trillion

Data released by the central bank recently showed that RMB deposits increased by 18.82 trillion yuan in the first half of the year, an increase of 4.77 trillion yuan year -on -year. Among them, household deposits increased by 1.033 trillion yuan, non -financial corporate deposits increased by 5.3 trillion yuan, fiscal deposits increased by 506.1 billion yuan, and non -bank financial institutions deposits increased by 951.3 billion yuan. In June, RMB deposits increased by 483 trillion yuan, an increase of 974.1 billion yuan year -on -year.

In the first half of the year, household deposits increased by 1.033 trillion yuan. What is this concept? This means that in the first half of the year, the average of about 57.1 billion deposits per day rushed to the bank.

Vowererate, in the first half of 2021, household deposits increased by 7.45 trillion yuan, and resident deposits increased by 8.33 trillion yuan in the first half of 2020. In the first half of 2019, resident deposits increased by 6.82 trillion yuan. In the first half of 2018, household deposits increased by 4.26 trillion yuan Yuan. In other words, the increase in resident deposits in the first half of 2022 hit a new high in recent years.

58.3%of residents tend to "more savings"

According to the central bank's second quarter of 2022 urban storage household questionnaire survey reports, 23.8%of the residents who tend to "more consumption", an increase of 0.1 percentage points from the previous quarter; 58.3%of the residents tended to "savings", than The last season increased by 3.6 percentage points; residents who tended to "more investment" accounted for 17.9%, a decrease of 3.7 percentage points from the previous season. In other words, more people are willing to save money, and fewer people are willing to invest.

In the first half of the year, the great growth of resident deposits and the increase in their willingness to save in the future made everyone doubt: Why do Chinese people more love to save money?

The Chinese love to save money more

Dong Ximiao, chief researcher at Zhailian Financial, said that the reason for the great growth of residents' deposits and the increase in savings willingness to be increased, with both short -term effects and long -term factors.

Dong Ximiao pointed out that from the short -term factors, it is mainly the impact of the new crown pneumonia. Since March of this year, my country's epidemic has continued to distribute more. It is difficult for some companies to produce and operate normally. Instant stability and uncertain factors have increased, leading to rising prevention of preventive savings in residents.

At the same time, due to the fluctuation of the international financial market this year, my country's capital market has increased, and the revenue of stocks and funds has declined significantly. In particular, bank wealth management products have "broken nets", which has led to a decline in risk preferences of residents. Essence

The Chief Economist of the Industrial Bank, Lu Political Affairs, said in a research report that experience in 2020 shows that the epidemic will lead to a rise in the year -on -year growth rate of residents' deposits, and the year -on -year growth rate of deposits will maintain a period of time.

Dong Ximiao believes that as the young and middle -aged group of the consumer army, in addition to the advantages of income, he also faces the pressure of life such as "old, lower and small". The uncertainty of residents' uncertainty in future revenue and expenditure has increased significantly significantly increased the awareness and savings of residents. In addition, with the increase in regulation of the real estate market, the willingness to consumption of residential housing continues to be small, reducing housing consumption expenditure, and partly converted to residential deposits.

How can I stimulate consumption?

Savings become more, and there are advantages and disadvantages.

Dong Ximiao said that residents 'deposits have continued to increase the resilience of my country's economic development and enhance residential departments to resist risks, but also reflect the problems such as residents' weakening, insufficient consumption demand, and decreased investment willingness in the future. In the next step, targeted measures should be taken to stabilize residents 'expectations and confidence, and further boost residents' consumption and investment.

He suggested that strictly implement the "nine inaccurate" requirements of the National Health and Health Commission, balance the relationship between the prevention and control of the epidemic and economic growth, minimize the impact of the prevention and control of the epidemic on the economy and the people's livelihood, and stabilize the expectations of enterprises and residents. Further stabilize the macroeconomic market. Implement a series of policies and measures introduced in the early stage. Fiscal and monetary policies should be more active, active, continue to help market players' rescue difficulties and steadily restore the real economy, stabilize residents' employment, and increase residents' income.

Dong Ximiao pointed out that it is necessary to boost residents' willingness and ability. Continue to release the potential of domestic market, take positive and effective measures, change the problems of insufficient motivation for residents, improve the consumption environment of residents, cultivate mid -to -high -end consumption growth points, expand the consumption of durable consumer goods such as cars, and promote the transformation and upgrading of residents. Further implement the differentiated housing credit policies, reasonably grasp the credit of credit, and better meet the demand for self -occupation and improvement of residents.

In the long run, Dong Ximiao suggested 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 the willingness to prevent prevention.

At present, localities are also trying to stimulate consumption, boosting consumption of automobiles and real estate has become an important starting point.

In terms of promoting automobile consumption, in addition to the reduction of purchase tax, there are also subsidies for real gold and silver to stimulate citizens to buy cars.In terms of stimulating real estate consumption, many places have announced that they have relaxed purchase restrictions and sales and reduced the down payment ratio. A considerable number of cities will also issue house purchase subsidies.In addition, consumption is also driven by issuing consumer vouchers in many places.Source: China News Network

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