In China, more and more people want to save money as job worries grow

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In China, more and more people want to save money as job worries grow

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Rather than spend or invest, 58.3% of survey respondents said they preferred to save their money, according to a People's Bank of China second quarter report.

That's a jump from 54.7% in the first quarter, which already marked the highest on record for the data which goes back to 2002.

Both cities have since eased those controls, and this week, the central government cut the quarantine time for international travelers and for local contacts of people infected with Covid.

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Category: MarketsFinanceInvesting

Topics: Stock markets Market Insider Cnbc Finance China Politics Asia Economy Stocks Articles China Economy Markets Investment strategy Investing China Markets Source:tagname:CNBC Asia Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 05:59:28

News Timezone: GMT -5:00

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Language: English

Reading Time: 4 minutes read

Article Length: 618 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 21925

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