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China , Thursday 16 July 2026

China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans

Published on: Sunday 19 April 2026

China's middle class is 'shadow saving' — hoarding cash instead of spending — and it could be a problem for Americans China’s middle class is sitting on a mountain of cash, but they’re refusing to spend it. Bank deposits are surging, interest rates are near zero, and yet households are tightening their wallets.


News source: https://www.msn.com/en-us/money/markets/chinas-middle-class-is-shadow-saving-hoarding-cash-instead-of-spending-and-it-could-be-a-problem-for-americans/ar-AA21eFVI

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