Chinese now have more money to invest than Americans

     According to the Chinese government statistics, the average urban Chinese household has about $1,300 in disposable income to invest.  Multiply that by 194 million urban families and you get $253 billion per year!

     Meanwhile, in the US they are saving just 80% more per family, which multiplied by 99 million urban families, takes it to $232 billion.

      Amazing ain't it!

     Two things that REALLY jump out are:

1.  If both populations invested all their available disposable income in US government notes and bonds, a full year's worth of savings would finance the US government for about two months

2.  Given that the average household income in urban China is around $2,200 after tax, the Chinese are saving around 60% of their income.

     Sure, this sounds absurdly unlikely.  But these are official statistics we're talking about.  I can't for the life of me imagine a government massaging it's own statistics!

China disposable income to invest per family: $1.300
China's population:1,338,612,968
China's urban population: 602 million
Average family size: 3.1
Number of families: 194.3 million

Savings available to invest: $253 billion 

Median US family income: $52,233 Savings rate: 4.5% (this year's average to date, up from 1.75% in 2007!)
Disposable income to invest: $2,350
US families: 116 million
US urban families: 98.6 million

Savings available to invest: $232 billion