Meanwhile, China s savings rate remains stubbornly high.

And then it's a high savings rate.

Its savings rate has been distressingly low for decades.

In fact, the household savings rate continues to rise.

A country s overall consumption rate is, of course, the flip side of its savings rate.

An economy s current account is the difference between its investment rate and its savings rate.

So, what happened though, over the course of the last 20 years we went from a 10 percent savings rate to a negative savings rate.

What we're seeing is an uptake in the savings rate.

78. Savings resulted from the high vacancy rate in civilian staffing.

Moreover, as Japan s society ages, the household savings rate will decrease dramatically.

He's given a control that allows him to adjust his savings rate.

And slowly, slowly we're bringing it up to a moderate savings rate.

The Asia Pacific region has the highest savings rate in the world, although intercountry variations in savings rates have been noticed.

We look at the savings rate and it has been declining since the 1950s.

Apart from accounting for the global divergence in savings rates, tight credit constraints in China might explain the country s high, and rising, savings rate especially as the large rise in national savings is attributable mostly to household savings.

Second, it could absorb excess German savings by letting unemployment rise as local manufacturers fired workers (because rising unemployment forces down the savings rate).

In other words, savings rates in Spain and other deficit countries in Europe had to drop once policy distortions forced up Germany s savings rate.

SMEs and households with net savings stand to gain the most from interest rate liberalization.

Moreover, India has the highest household savings rate in Asia, at 32 of disposable income.

58. Savings under staff assessment are attributable to the vacancy rate of internationally recruited personnel.

Owing to a projected vacancy rate of 20 per cent, savings of 142,400 are anticipated.

Owing to the projected vacancy rate of 20 per cent, savings of 129,300 are expected.

By contrast, China had a fixed investment rate of 41.7 of GDP and a savings rate of 51.9 , reflected in a large surplus.

In 2007, the United States had a savings rate of 14.6 of GDP, but an investment rate of 19.6 , generating a current account deficit.

As a result, the household savings rate has risen from zero to 4 of disposable income.

While the rest of the world struggles to raise savings, China, with a savings rate in excess of 40 , struggles to get its people to consume more.

Conversely, the fall in savings in the US is largely due to higher borrowing by the young (rather than a fall in middle aged Americans savings rate).

Another implication of this view is that the steep rise in savings in China is largely driven by a rise in the savings rate of middle aged Chinese (rather than a fall in the borrowing rate of the young).

America s household savings rate was at levels not seen since the Great Depression, either negative or zero.

So bringing the savings rate down is necessary if domestic and external balances are to be achieved.

Of course, some worried about the collapse of the household savings rate, but few were overly concerned.

This was achieved through a higher than budgeted vacancy rate and savings from the prior biennium's obligations.

But what China really needs is a greater effort to promote domestic consumption and lower the savings rate.

In 1988, the household savings rate in China and the United States was roughly equal, at about 5 .

Of course, China s savings rate will also decline, but Japan s experience since the 1980 s demonstrates how a sharp fall in investment can generate large and persistent current account surpluses, even when the savings rate is falling and the currency is appreciating.

With a savings rate of barely 4 of GDP, the average US household is unlikely to be over saving.

However, in a country with a large mass of effective savers, the savings rate can rise, rather than fall.

The 23 per cent savings rate of the latter group of countries was about the same as in 1980.

Savings under this heading are estimated at 72,700 and result from the higher vacancy rate for international civilian staff.

Savings under aviation fuel and lubricants are attributable to a lower fuel consumption rate for the Bell 206 helicopters.

And the rest of the world? A global savings glut would suggest that rebalancing the world economy requires policies to boost America s savings rate and to increase non US households consumption.

As political tensions in low savings countries grow, so will the risk of these countries abandoning the euro, causing the price that Germany will pay for its distorted savings rate to rise.

The absence of no money down mortgages might be more important than Confucian ethics in explaining China s high savings rate.

One sure way to reduce the savings rate in China would be to develop an American style mortgage market there.

Yet, by 2007, China s household savings rate had risen to a staggering 30 , compared to just 2.5 in the US.