“Another buffer is that Chinese families have a very high savings rate (about 34% of disposable income for urban residents), as well as a relatively low household debt-to-GDP ratio of 54%, while household bank deposits are equal to more than 80% of GDP. To put this into context, Americans save 7.9% of their disposable income, the U.S. household debt-to-GDP ratio is 75%, while household (plus nonprofit organization) savings deposits are equal to 47% of GDP. ”
