this post was submitted on 16 Oct 2025
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cross-posted from: https://lemmy.zip/post/51080694

https://archive.is/dfYft

Household savings rose by 2.96 trillion yuan ($415.5 billion) in September, the most since March

The renewed build-up of savings may deprive the stock market of a key source of support

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[–] HobbitFoot@thelemmy.club 1 points 2 days ago

The issue for China is that it needs people to purchase the goods that it makes to pay off the country's sky high debt. Consumption form the USA is going to drop for various reasons, so domestic consumption was likely seen as a way to replace dropping international consumption.