China's household savings saw their first drop in more than five years.
Personal deposits fell by 7.6 billion yuan ($965 million) down to only 15.7 trillion yuan ($2 trillion).
Despite the fall, overall savings were up 15.5% over last year.
It seems that Chinese are beginning to shift their money to the stock market.
China's stocks continue to surge along with the economy.
Continue reading...
China's Savings Drop For First Time in 5 Years
samnut (2006-11-15 17:23:28) 评论 (4)China's household savings saw their first drop in more than five years.
Personal deposits fell by 7.6 billion yuan ($965 million) down to only 15.7 trillion yuan ($2 trillion).
Despite the fall, overall savings were up 15.5% over last year.
It seems that Chinese are beginning to shift their money to the stock market.
China's stocks continue to surge along with the economy. Continue reading...