China's Savings Drop For First Time in 5 Years

China's household savings saw their first drop in more than five years.

Personal deposits fell by 7.6 billion yuan ($965 million) down to only 15.7 trillion yuan ($2 trillion).

Despite the fall, overall savings were up 15.5% over last year.

It seems that Chinese are beginning to shift their money to the stock market.

China's stocks continue to surge along with the economy.  Continue reading...