How does anything you said indicate that Chinese having a bias towards savings i... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		ummonk on Aug 12, 2018 \| parent \| context \| favorite \| on: Beijing struggles to defuse anger over China's P2P... How does anything you said indicate that Chinese having a bias towards savings is a myth? Investing money in bitcoin, stocks, real estate bubbles, etc. is still saving (not consumption). Might be bad savings, but it's still savings.

reaperducer on Aug 12, 2018 [–]

Perhaps he sees a distinction between "saving" and "investing."

Before the bank deregulation in the 90's this was a more vividly defined line.

To my parents generation, saying, "I keep my retirement savings in a 401(k)" is an oxymoron.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact