Morningstar's China Economic Observer researchers said this week that they expect the number to drop to zero by 2030 as births decline and deaths increase. As retiree growth surges, some of those savings will likely be spent, notes Morningstar's China analysts. The government has an insufficient social safety net, unlike the United States, so personal savings rose to plan for old age. The result for China is a decline in personal sector savings and a decline in China’s current account balance. The result for China is a decline in personal sector savings and a decline in China’s current account balance.

Source: Forbes August 15, 2017 16:07 UTC