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Here's how the Chinese save so much money. China’s Gross Savings Rate is 45.9%. Meanwhile, data in the US suggests that the savings rate is closer to 3.5-5%.

How is it that the Chinese Save SO much money? I explain in today's video! Enjoy.

https://www.forbes.com/2010/02/02/chi...
https://www.wsj.com/articles/less-sav...
https://www.britannica.com/topic/one-...
https://www.scmp.com/economy/china-ec...

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Timestamps:
0:00 - Intro
0:27 - Stats on Savings
0:54 - Why Chinese Are Excellent At Saving
3:22 - Demographics
5:19 - The Secret
6:54 - 4 Factors 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 are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel