Events: Why Chinese people love to save money getting poorer?
Type of Event: Economics

Daily News: February 24, 2011 AD

Date: February 24, 2011 AD

Time Channel Today in History

Source: 财新网

Event Details:

  Not consumption, it means money on deposit - this is perhaps the most tragic start
  New network】 【Finance (Xinhua Wang Hu) there are indications that inflation is let love save the Chinese people are getting poorer.
  The morning of February 23, National Bureau of Statistics survey, 83% in the fourth quarter of 2010 of Chinese consumers believe that prices next year will be "up", last year this figure was only 68%. Meanwhile, inflation concerns will lead to decline in current consumption, only 30% of consumers there is a consumer shopping desires, significantly lower than the third quarter, 11 percentage points.
  Bureau of Statistics also said that as a defense against inflation means the proportion of people's savings will continue to rise, making it the preferred status as a more stable financial management. 59% of consumers demand the bank / fixed deposit as the main way of managing money, than the third quarter increased by 7 percentage points. The next 12 months, 39% of consumers said they would continue to increase savings.
  Not consumption, it means money on deposit - this is perhaps the most miserable start. It made me suddenly back to childhood read the story of a donkey.
  Two donkeys, one laden with salt, one laden with cotton. On the road, pack a hard ass salt, cotton donkey pack easily. But when they are wading through a river, when saline water, salt pack donkey freed; cotton wet, exhausted donkey pack cotton.
  If inflation is the river, no other alternative, you are willing to do what ass? ■
  They stole the Chinese people are happy to be
  * North Korea a burger _set_ monthly salary of 1,500 yuan accounted for nearly half of workers (Chart)
  * Beijing to see the man some female mate choice 5-year tax certificate
  * Named by adding edible gum wet noodle noodles can burn (Figure)
  * Shaking Inside Story of the media revealing: 75% of China have been deliberately accelerated meter
  * Xujiahui complete the purchase of credit to 80 million yuan Yu
  * Shanghai property prices, or the national roll out the first suite of bank loans to stop
  (Editor: Li Rui)
Translated by Google

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