China's savings rate is 51% think tank says promoting consumption should be rich and poor first

China News agency, Beijing, July 4 The Chinese savings rate is 51%. The think-tank said that promoting consumption should first be "both rich and poor" and that China's high saving rate is world-renowned. China's savings rate was 51.3% in 2008, Jiantang, director of the National Bureau of Statistics, said in Saturday at the global intelligence Couphen.　　The savings rate in the United States was 12%. China's economic aggregates and per capita disposable income have risen sharply in recent years and the savings rate has been rising.　　1992 was 36.3%, more than half by last year, up 15%.　　Jiantang said China's high savings rate is closely related to the cultural tradition of "thrift, against luxury" in the East Asian region. Another reason is that the Chinese are wary of future expectations and are "less willing to spend money". The official said China's social security system, although very much improved, is still not sound.　　In 2008, China's social security expenditure accounted for 7.5% of the central government, while Germany surpassed 55% and the US over 30%. The widening income gap is also an important reason for China's lower consumption rate and higher savings rate. The rich and poor marginal propensity to consume is different, Jiantang said, low-income people get 100 yuan to spend 88 yuan, high-income people also get 100 yuan only spend 64 yuan.　　At present, the "28 effect" of income distribution in China is becoming more and more obvious, and more and more money is concentrated in the hands of 20% of the rich. But household savings are not the main reason for the sharp rise in China's savings rate. China's central bank governor Zhou Xiaochuan said China's household savings accounted for roughly 20% of GDP, with little fluctuation.　　The big increase in corporate and government savings is the real push. How can China's high savings rate be lowered?　　Think tanks have their own ideas, but "all rich and poor" seem to be consensus. Jiantang that the most important thing is to increase the income of low-income groups, so that people willing to spend more money to spend.　　He said that to play the role of tax regulation, the rich people's tax through fiscal leverage to low-income groups. This view is recognized by many participants in the think-tank.　　Kang, director of the Finance Science Institute of the Ministry of Finance, said that the tax policy and mechanism should be innovated to restrain unreasonable income disparity to promote consumption. In particular, he pointed out that large enterprises, especially the monopoly state-owned enterprises, their income in recent years in the distribution of the proportion of national income significantly increased, should pass legislation on these enterprises to pay state-owned assets to the Treasury to make provisions.　　On the tax side, it should obviously reduce the tax burden of the low-income class and increase the actual tax burden of the high income class. Lawrence, president of the Chinese University of Hong Kong, executive vice chairman of the China International Economic Exchange Center, said that the savings rate would be greatly reduced if the Chinese enterprises were too high in saving, and if they were to transfer profits to the government and the people through dividends.　　Zhou Xiaochuan also said that in order to make people have more property income, "to let the public more share the high profits of enterprises." The government's "return of wealth to the people", in the opinion of the think-tank, is also the key to solving China's high savings problem. The Government should not only deal with low-income groupsBody to carry out the necessary financial subsidies, and should increase the investment in the social security system. Only the food and clothing not worry, speaks worry, the populace may loosen to cover tightly "The Money bag" the hand. Finish