Investing
The Hunt for Best Bank Savings Rate in China May Require Trekking Hundreds of Miles
- Chasing the best bank rates requires exhaustive prep work
- The savings trend risks undermining a consumer-led recovery
This article is for subscribers only.
Meticulous planning, in-depth research and long-distance travel — welcome to the “special forces-style” hunt for the best bank deposit rates in China.
As commercial lenders in the nation lower rates on a range of deposit products, young Chinese are working hard to track down the highest returns for their money. The elaborate lengths taken to boost savings rather than spend cash is yet another blow to Beijing’s desired consumer-driven recovery.