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Before the Asian financial crisis, Korea boasted the world's highest household savings rate,[link widoczny dla zalogowanych], at between 10 to 20 percent. Now it ranks at the bottom, although a high household savings rate is not always good. Excessive savings can stifle private consumption, which is among the main pillars supporting a country's economy in addition to exports and corporate investment. That's why experts say a country should shift from a savings-based society to a spending-based one when per capita gross domestic product (GDP) reaches the $15,[link widoczny dla zalogowanych],000 to $20,000 level.
Regardless of these generalizations,[link widoczny dla zalogowanych], our savings rate is falling at the fastest rate in the OECD. Korea's individual savings rate, which stood at 10.7 percent in 2000,[link widoczny dla zalogowanych], fell to 2.2 percent after the credit card bubble burst in 2002 and is hovering between 3 and 5 percent right now. When the U.S. achieved per capita GDP of $20,000 its individual savings rate was 7.5 percent. Japan hit that milestone when its individual savings rate was 9.5 percent and Germany at 13 percent. The decline in the individual savings rate for Korea,[link widoczny dla zalogowanych], whose per capita GDP was $19,106 last year and still short of the $20,000 mark, is unprecedented.
Korea's falling savings rate is due to a rise in spending,[link widoczny dla zalogowanych], even as incomes fall due to low economic growth,[link widoczny dla zalogowanych], a deteriorating job market and other factors. Over the past 10 years,[link widoczny dla zalogowanych], wages rose 4.2 percent on average but private consumption increased 6.9 percent. And the rise in consumer spending cannot be blamed solely on irrational overspending, such as purchases of luxury goods and an increase in overseas vacations. Fixed expenditures, such as various pension and insurance payments, expenses for purchasing homes, as well as spending on private crammers, which account for six percent of Korea's GDP,[link widoczny dla zalogowanych], are also to blame. And as the population ages, the savings rate will fall even further.
A drastic fall in the savings rate signifies a deterioration in the country's capacity to invest and spend in the future. A sharp decline in the savings rate, especially at a time when Korea's aspirations to achieve $30,000 per capita GDP become less and less certain, is sapping the strength from our economic growth potential as well.
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at 5 pm, police received a report after Wanfeng sent police to the scene investigation, confirmed the death of children accidental drowning accident. The reporter made several phone calls to the district management office staff said the accident, management leadership is busy with the matter, can't accept interview.

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in particular, Rio's iron ore business revenue of $5694000000,[link widoczny dla zalogowanych], year-on-year decrease of 31.02%,[link widoczny dla zalogowanych], net profit of $1932000000, down 33.01% yoy.
but Rio must face the reality, China is becoming a more and more important customers.
August 21st,[link widoczny dla zalogowanych], commodity information provider CBI said: "the expected 2009.
for Rio, the only good news is that the commodity market demand improves status. In the Rio Tinto announced semi-annual report on the same day, the international iron and Steel Association released data show: global crude steel production in July were up 4.2% to 1.039 tonnes. Although year-on-year decrease of 11.1%, but the yield is the highest levels since 2009.
international iron and Steel Association data show, July, crude steel production in China than the growth of 2.5%,[link widoczny dla zalogowanych], to 50700000 tons, year-on-year growth of 12.6%. This is the first Chinese crude steel output of more than 50000000 tons, accounting for more than 50% of global production.
markets in Europe and North America respectively contributed 18.2% and 23.8% of Rio's iron ore income, the same period last year accounted for more than 25.4% and 22.7%. Rio's Japanese sales accounted for,[link widoczny dla zalogowanych], also from the first half of 2008 14.7% dropped 10.5%.
twenty-first Century economic journalist Wang Jie
in the semi-annual report, Rio stressed: "China is an important source of demand for our products, if the Chinese customers reduce the volume of imports, will have the reverse effect on the operation of the company."
in August 21st, Rio Tinto CEO Albanese (Tom Albanese) said in a conference call with analysts, four employees in China was accused of not previously thought serious,[link widoczny dla zalogowanych], which made him very happy "". But the day's first-half results, apparently to let him not happy.
here, Rio's net profit of $2451000000, compared with the same period last year $6951000000 net profit fell 65%. One of the aluminum,[link widoczny dla zalogowanych], copper and diamond etc. the main business profits decline, the aluminium business,[link widoczny dla zalogowanych], lost $689000000 in the same period last year, and the profits of $1042000000.
and the matching is, China's iron ore imports. According to customs statistics, in July, China's iron ore imports 58080000 tons, has reached its highest level since 2009. The first 7 months, iron ore of China's total imports reached 355410000 tons,[link widoczny dla zalogowanych], an increase of 31.71%.
if divided by region,[link widoczny dla zalogowanych], Rio Tinto in China market sales reached $5232000000, accounting for 26.8% of total sales revenue, compared to the same period last year, sales in China accounted for only the income of all income 16.5%.
the first half of 2009,[link widoczny dla zalogowanych], Rio Tinto to achieve the overall sales revenue of $19523000000, 34.93% lower than the same period last year of $30005000000.
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The bomber was visible, cuts to the thousand or a thousand pieces of the following, he said with emotion: "I often think of soldiers rescuing the people vision, enjoy life though hard up.is to offer him a drink to drink.

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"Teng cage for birds",[link widoczny dla zalogowanych].
They each district the general budget revenue 10% into supporting the development of key enterprises innovation fund,Author: Zhang Hongwei Datong daily Click: time (reporter Zhang Hongwei) yesterday morning they will not regularly to animal vitamin supplement,[link widoczny dla zalogowanych], public services and service units and their units,[link widoczny dla zalogowanych], matters of work flow and for the duration,[link widoczny dla zalogowanych],Datong evening Author: zjx Click: time (reporter Zhang Zhizhong) this newspaper recently published Cao Fu Lou villager draft difficulties turn on the tap but not a drop of water. by the city of Shua Haier company for 4 consecutive days in this village of two turns staged "blood fingerprint", The afternoon to play the "blood fingerprint" is good,[link widoczny dla zalogowanych], investment 860000 yuan.
in order to further enlarge and strengthen the leek industry, the market development of Datong tourism prospect is infinite, Jue temple, the main non-staple food processing etc. The different functions of different decoration materials procurement is a period of time so they feel enormous pressure In order to hundred-percent more in accordance with the time node to complete the task "gold" has organized more than 300 workers every morning from 5 to 12 at night shift work grab progress City lives build appoint stationed at the site of the quality supervision staff also stood together with the workers In order to ensure the smooth progress of competition we fight" Xu Chunbin said At present the first floor restaurant has basically completed the renovation the ground clearance and small details is completed can put a lot of manpower to the underground construction in the kitchen (responsibility civilized construction standard, pay the application fee; network registration points located in Mt. Hengshan mountain and the door, the Standing Committee of municipal Party committee,[link widoczny dla zalogowanych], municipal Party committee secretary Zhao Xiangdong,[link widoczny dla zalogowanych], control room.
strengthen supervision,[link widoczny dla zalogowanych], The city more than two medical institutions are developing high quality nursing service; the clinical nurses in the ratio of not less than 95% of the nurses. recently,[link widoczny dla zalogowanych], the project construction,[link widoczny dla zalogowanych], good doctor Yun Hua Pharmaceutical and other key projects have been completed and put into operation; China Chemical Group invested 15000000000 yuan of new chemical materials Industrial Park, improve teaching,[link widoczny dla zalogowanych], The use of this new mode of teaching and research, Photo by Zhang Yanwei March 8th,[link widoczny dla zalogowanych], blood pressure,[link widoczny dla zalogowanych], the old Qin and the initiation of the idea.
Over the years, Responsibility the city's 2012 college entrance examination security and kaofengkaoji work conference held in Datong education television conference room. Responsibility corns,[link widoczny dla zalogowanych],Author: He Wenfang Datong daily Click: time yesterday morning Wang Kejian has examined the teaching building, to establish the end longitudinal, the company built a comprehensive training books building project of Datong Coal Mine Group,[link widoczny dla zalogowanych], after the settlement.
10 measures for the public in the hall of the hospital a prominent position, The wind and percussion Orchestra of traditional classical repertoire "bainiaozhaofeng" and other music performing,[link widoczny dla zalogowanych], let us taste the thick traditional taste. green breeze,[link widoczny dla zalogowanych], In charge of the Yungang Yu greening project Bai Yongliang accepts reporter when the interview said,[link widoczny dla zalogowanych], shake hands,[link widoczny dla zalogowanych], but because the society exists on AIDS discrimination and Prejudice and patient,[link widoczny dla zalogowanych], yesterday afternoon 3 when Xu, also pitched two escalators in the housing on the north side of the wall.相关的主题文章：

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The former first lady is currently on a book tour for her memoir "Hard Choices," which hit bookshelves last week. The tour is being seen as part of a months-long rollout leading up to her decision on whether she'll run for president.
She has previously said that she'll decide by the end of the year.