China is renowned for its personal saving rate, which is the highest in the world. Chinese households save between 34-53% of their income, while Americans save 2%. The main reason for the high savings rate is not cultural, although that is part of it. Chinese people don’t like to carry debt, and often make large […]
From https://englishteacherchina.com/saving-money-and-what-things-cost-in-china/
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