Series: IMF Working Papers
Author(s): Hui Tong , Shang-Jin Wei , and Tamim Bayoumi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2010
Keywords: China&;amp;#x2019;s savings, Corporate savings, State-owned enterprises, savings rate, net savings, savings rates, dividend payout
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits...