Chinese Journal of Sociology ›› 2009, Vol. 29 ›› Issue (5): 132-148.

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Risk and Anticipation: The Effect of Social Security on the Chinese Residents’ Consumption and Savings

 WANG Yi   

  • Online:2009-09-20 Published:2009-09-20

Abstract:

 At present, the economy has been on a speedy rise in China, but the Chinese residents’ savings have continued to climb even the total demand is not sufficient. The low internal demand resulting from high savings but low consumption has become an important factor that restricts China’s economy from developing rapidly and operating positively. The unsteady social security system is the major reason for the people’s caution on spending. This paper mainly analyzes how the social security level and social security system in China affect the residents’ savings and discusses the key to accelerating the national internal demand, stimulating people’s consumption, and improving the Chinese citizens’ benefits from the perspective of social security.

Key words: people’s mediation, socialization, reorganization, workrooms of people’s mediation, anticipation, consumption, risk, savings, social security level