China’s five-year deposit rate hit a 74-year low after the rate cut on December 22. Can you believe that this is the deposit interest rate for third world developing countries?

The survey shows that 70% of Chinese will continue to save and 30% will take action, involving $5 trillion.

Source: Bank of China.Now all Chinese are discussing what to do with deposits.

🇨🇳 #China’s 30-Year Yield Hits Lowest Since ‘05 on Deposit Rate Cuts – Bloomberghttps://t.co/FczKh5NYHqhttps://t.co/XUm8CDdEw3 pic.twitter.com/Mfk2LDwOdm

— Christophe Barraud🛢🐳 (@C_Barraud) December 22, 2023

h/t china-golden