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Here's how the Chinese save so much money. The gross savings interest rate in China is 45.9%. Meanwhile, data from the US suggests the savings rate is closer to 3.5-5%.

How come the Chinese save so much money? I explain in today's video! To enjoy.

https://www.forbes.com/2010/02/02/china-saving-marriage-markets-economy-trade.html?sh29db437a83bd
https://www.wsj.com/articles/less-saving-more-debt-how-chinese-manage-money-american-style-in-17-charts-11572427805
https://www.britannica.com/topic/one-child-policy
https://www.scmp.com/economy/china-economy/article/3135510/chinas-one-child-policy-what-was-it-and-what-impact-did-it

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Timestamps:
0:00 – Introduction
0:27 – Savings statistics
0:54 – Why Chinese are excellent at saving
3:22 – Demographics
5:19 – The secret
6:54 – 4 factors that the Chinese prioritize
7:32 – The 10:1 rule
8:50 – Factor 3
10:11 – Factor 4

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PS: I am not a financial advisor, any investment commentary is solely my opinion. Some of the links in this description are affiliate links for which I receive a commission and they help support the channel

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