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More Chinese save to pay for health care than world average
Online Edition
HEALTH issues are the top priority for active saving plans among Chinese consumers, indicating a strong willingness and awareness to keep healthy, a recent study showed.
More than 64 percent of respondents are currently saving for potential health issues, higher than the 42 percent on a global basis, according to a recent survey by Nielsen on saving and investment strategies.
Other top saving priorities include household emergencies, children’s future and personal luxury purchases.
Overall, 82 percent of Chinese respondents said they’re confident of achieving their financial goals in the future, compared with the 69 percent global average.
“This high level of confidence in China is also a reflection of the size of income Chinese consumers put aside for savings as well as the increased income contributions they made toward investment over the past 12 months,” said Kevin Wang, director of Nielsen China.
Thirty percent of the Chinese respondents who are already carrying out saving plans now dedicate 21 to 30 percent of their household income to fulfill their financial goals.
Nielsen’s online survey was conducted last year, covering 30,000 consumers in 60 countries with more than 500 in China.
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