Th
is paper reviews the historical
household saving
trend of selected
economies at the
take
-
off stage
,
and
identifies
the emerging themes
of the cultural aspect of household saving. It develops a
framework
to
research the cultural influence on China’s household saving. The
framework
centers on Keyne
sian
saving theory incorporating
Institutio
nal E
conomics concepts
and
Lu
Xiyue’s
Chinese cultural
system.
The paper
argue
s for an appreci
ation of the cultural
influence
and
discusses
its
implication for China’s sustainable
development.