Explanations for the high precautionary savings in China includes all of these except:
A) China's limited social safety net provides most people with little protection against health problems and medical costs.
B) lifetime employment and guaranteed state pensions.
C) the many uncertainties associated with changing economic institution and society as a whole.
D) higher prices for things such as housing and education.

Question

Quizplus · Accepted Answer

As China is transitioning from a planned economy to a market-oriented economy; there are many precautionary reasons for the Chinese people to save a lot. Lifetime employment and guaranteed state pension-plans however are not reasons for higher precautionary savings.

Explanations for the High Precautionary Savings in China Includes All