The Empirical Analysis On The Saving And Consumption Of Chinese Resident

Since the reform and opening up, China national economy has maintained rapid growth. The cross national income、consumption and saving deposit also growing rapidly. Consumption is one of the three carriages(consumption、export、investment) to pull economic growth, saving deposit is the foundation of investment. So, no matter how the consumption or the saving is necessary to a national economy growing.This article collected a large number of Chinese detailed data from1990to2010, analyzed it and measured test. From the regression of the results, our resident’s saving deposit is growing too rapidly and consumption is growing slowly. This condition made the exports relativity large, the economy growing maintenance, but at the same time the resident’s happy index is decreasing. The large gap of income、 imperfect social security system、the Chinese traditional concept of live a plain life is good is the reason of this condition.At one side, the high saving deposit and the low consumption is good; but on the other side, it is very bad. The good side is:high saving deposit is the foundation of investment, high saving and low consumption can restrain the inflation, it can also control the deficit. The bad side is:high saving and low consumption can let to unbalance of the internal economy and the external economy. Consider the situation at present, although the high saving deposit and the low consumption both has good side and bad side, I thought, the right policy is to encourage consumption.My propose to encourage consumption is:regulate the income structure, improve the social security system, bring up the hot point of consumption, improve the employment structure. I hope it can improve the quality of our resident’s life, and promoting China’s economic growing healthy and stable.