China’s wealthy are hoarding cash amid an uncertain economy, survey finds

China’s wealthy are hoarding cash amid an uncertain economy, survey finds

Chinese high-net-worth investors are wary of taking risks during a period of intense turbulence.

GlobalData: Chinese HNWIs Prioritize Cash for Safety

High net worth investors in China are wary of the uncertain market environment, preferring to hold significant allocations in cash or cash-like products, according to GlobalData. Nearly 27 percent of Chinese high net worth individuals’ (HNWI) wealth was parked in cash or near-cash products in 2024, according to a report by GlobalData. This compares to the Asia Pacific average of around 18 percent. «Despite the Chinese economic recovery in 2024, …

Maxinomics — The Strange Problem in China’s Economy

China’s citizens save 40% of their income, where in the US it’s less than 10%. This is the main source of tension between China and the rest of the world. Creating huge distortions in how much China’s people buy from the rest of the world compared to how much they sell to the rest of the world.