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            "namePart": [
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        "geographic": [
            {
                "geographic": "China",
                "recordInfo": {
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    "abstract": [
        "Chinese households may improve their welfare by consuming more now because they can reasonably expect to be much richer in the future. Despite this fact, China's saving rate is one of the highest in the world. This essay discusses three reasons why: uncertainty about the future, the need for retirement income, and an underdeveloped financial market and banking system."
    ],
    "titleInfo": [
        {
            "title": "Why Do Chinese Households Save So Much?",
            "titlePartNumber": "2008, No. 19"
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    "identifier": [
        {
            "$": "https:\/\/doi.org\/10.20955\/es.2008.19",
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    "originInfo": {
        "place": "St. Louis",
        "issuance": "periodical",
        "sortDate": "2008-08-02",
        "publisher": "Federal Reserve Bank of St. Louis",
        "dateIssued": "August 2, 2008"
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    "physicalDescription": {
        "form": "electronic",
        "extent": "1 pages",
        "digitalOrigin": "born digital",
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    "location": {
        "url": [
            "https:\/\/fraser.stlouisfed.org\/title\/economic-synopses-6715\/chinese-households-save-much-624203"
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            "https:\/\/fraser.stlouisfed.org\/files\/text\/publications\/frbsl_econosynops\/economicsynopses_stls_20080802.txt"
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            "titleInfo": [
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                    "title": "Economic Synopses"
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                    "title": "Economic Synopses",
                    "subTitle": "Short Essays and Reports on The Economic Issues of The Day"
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