Saving in China
The Chinese are some of the biggest savers in the world. Now the government wants people to spend more to help the country survive the economic downturn. Chris Hogg follows the story of one family.
Colin Yu is a teacher who lives in Shanghai. He has a job but still struggles to support his parents on his modest income. Colin would like to spend more money and the Chinese government is offering incentives to people like him to go out and buy Chinese goods. They're hoping that by doing so it will help the country to survive the current global economic downturn. Average savings rates in China stand at around 30% and, as Chris Hogg discovers, most of that money is spent on health care. For Assignment he follows the story of Colin's family as they face difficult decisions over how to spend their money and how to match their savings to their health care needs.