This Chinese City Saves the Most Money
Chinese households are known to be big-time savers compared to the global average. Among 36 major cities, residents in Beijing save the most amount of money, according to bank data from the National Bureau of Statistics, compiled by financial media outlet Yicai. The new city ranking shows the savings balance of Beijing urban and rural residents were RMB3.73 trillion in 2019, followed by Shanghai with RMB3.17 trillion in the proverbial piggy bank. All other Chinese mainland cities’ savings balance in the ranking were under RMB2 trillion. Some large cities such as Suzhou, Wuxi, Foshan and Dongguan were not included. The...
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