The Chinese Secret to Saving Money Revealed
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Here's how the Chinese save so much money. China’s Gross Savings Rate is 45.9%. Meanwhile, data in the US suggests that the savings rate is closer to 3.5-5%.
How is it that the Chinese Save SO much money? I explain in today's video! Enjoy.
https://www.forbes.com/2010/02/02/chi...
https://www.wsj.com/articles/less-sav...
https://www.britannica.com/topic/one-...
https://www.scmp.com/economy/china-ec...
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Timestamps:
0:00 - Intro
0:27 - Stats on Savings
0:54 - Why Chinese Are Excellent At Saving
3:22 - Demographics
5:19 - The Secret
6:54 - 4 Factors the Chinese Prioritize
7:32 - The 10:1 Rule
8:50 - Factor 3
10:11 - Factor 4
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PS: I am not a Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel
Watch video The Chinese Secret to Saving Money Revealed online without registration, duration hours minute second in high quality. This video was added by user Humphrey Yang 23 March 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 2,393,459 once and liked it 67 thousand people.