The fact that Asian countries have traditionally seen quite high rates of private saving accentuates this trend. China’s saving rate, at about 55 per cent of GDP, is one of the highest recorded and because China has become a large economy, the extent of that annual flow of saving is now globally very significant.
And last but not least, we have to introduce much more discipline in the macroeconomic policies, and that of course goes for fiscal policies, but also for appropriate discipline to prevent excessive domestic and external imbalances. BIS Review 135/2008  3