US media says gender imbalance causes high savings rate in China

The gender imbalance is the main reason for China's high savings rate, according to a report released recently by the US media.　　Experts point out that this problem cannot be solved, even if domestic consumption increases temporarily, also can not change the high saving rate this long-term leading trend. The impact of China's high savings rate on China and the world economy has aroused international concern. The most important reason for China's high savings rate is the severe imbalance in China's sex ratio, according to a new study by Wei, director of the International Business Research Institute at Columbia University and senior researcher at the International Food Policy Institute, Zhang.　　The result of the imbalance between men and women is that the competitive pressure in the marriage market has increased, forcing the man to save more and to improve his competitive position. The report found that the husband's household savings rate was not only higher than that of the woman, but also proportional to the local gender imbalance, that is, the more serious the imbalance, the higher the male savings rate. As a result, China's savings rate has grown by almost one-fold in comparison with the 1990 era, ranking first in the world. According to Yangcheng Evening News