According to a survey among Chinese internet users from small cities and rural areas, more than one-third of respondents had no monthly savings. About 18 percent of respondents could save on average 2,000 to 3,000 yuan every month. The younger generation had comparably fewer savings.
Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019
Characteristic
Share of respondents
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* According to the source, China has approximately 396 million mobile users from the "sinking market," which refers to market of the third- and fourth-tier cities and rural areas. Sinking internet users refer to mobile internet users between 18 and 45 years from the sinking market.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of June 2020).
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Penguin Intelligence. (November 8, 2019). Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019 [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/
Penguin Intelligence. "Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019." Chart. November 8, 2019. Statista. Accessed September 14, 2024. https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/
Penguin Intelligence. (2019). Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019. Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/
Penguin Intelligence. "Distribution of Monthly Savings among Chinese from Third Tier and Smaller Cities in China in 2019." Statista, Statista Inc., 8 Nov 2019, https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/
Penguin Intelligence, Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019 Statista, https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/ (last visited September 14, 2024)
Distribution of monthly savings among Chinese from third tier and smaller cities in China in 2019 [Graph], Penguin Intelligence, November 8, 2019. [Online]. Available: https://www.statista.com/statistics/1130067/china-monthly-savings-in-small-cities-and-rural-areas/
