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.
My in-laws will be happy to know this. My mother-in-law watches the money in her stock account like it is a computer game.
She has been doing this for the past 4-5 years. Now she will get to see the numbers get bigger. Fun all around, eh?
What do you think?
