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Why do the Chinese save so much?

http://www.bakadesuyo.com/why-do-the-chinese-save-so-much

by eru • 16 years ago

1 2 16 years ago

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kesun421• 16 years ago

Because before 1949, life was hell. After 1949, life was better, but still struggle in poverty. Recent years has been the best for Chinese for a couple centuries. People learn to live with what they have and always save money to prepare for a rainy day.

Although, Chinese are willing to spend big bucks on education, especially for their children.

hga• 16 years ago

Related to the above, but not really covered in the submitted article, is the 4-2-1 problem. The old model of having your children take care of you when you're elderly breaks down when 4 grandparents have 2 parents who have 1 child.

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