The Chinese Corporate Savings Puzzle : A Firm-level Cross-country Perspective /

China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and mis-governance of...

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Bibliographic Details
Main Author: Tong, Hui
Other Authors: Bayoumi, Tamim, Wei, Shang-Jin
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Working Papers; Working Paper ; No. 2010/275
Online Access:Full text available on IMF