The phenomenon of "Chinese households saving 58 trillion yuan in four years" has aroused heated discussions on the whole network because it reflects the changing trend of Chinese residents' willingness to save and wealth level, and also triggers people's thinking about financial innovation, banking difficulties and economic development.
In recent years, China's financial industry has undergone a series of profound changes, and financial institutions have been constantly innovating and designing and launching new financial products in the transformation of credit structure. However, in the midst of this series of financial innovation and transformation, one notable phenomenon has emerged, namely the sharp increase in household deposits in China. From 2020 to January 2024, household deposits increased by a total of 5824 trillion yuan, of which 82% are time deposits. This growth trend is particularly evident in 2022 and 2023, when household deposits increased by 1784 trillion yuan and 1667 trillion yuan, becoming the two years with the largest growth since 2005.
The phenomenon of "Chinese households saving 58 trillion yuan in four years" has aroused heated discussions on the whole network because it reflects the changing trend of Chinese residents' willingness to save and wealth level, and also triggers people's thinking about financial innovation, banking difficulties and economic development.
In recent years, China's financial industry has undergone a series of profound changes, and financial institutions have been constantly innovating and designing and launching new financial products in the transformation of credit structure. However, in the midst of this series of financial innovation and transformation, one notable phenomenon has emerged, namely the sharp increase in household deposits in China. From 2020 to January 2024, household deposits increased by a total of 5824 trillion yuan, of which 82% are time deposits. This growth trend is particularly evident in 2022 and 2023, when household deposits increased by 1784 trillion yuan and 1667 trillion yuan, becoming the two years with the largest growth since 2005.