High savings rate and domestic consumption have been the issue troubling the government and economists. One of the reasons for golden week holidays is to boost domestic consumption which would in turn direct national economy to a healthy direction. While traditional home economics and budgeting encourage low consumption, economic transformation has increased expenditure and reduced impulsive consumer behavior. Professor He Ping, an experienced researcher in the area with the school of finance of China Renmin University, detailed the reasons and what should be done.
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