These imply rates of domestic savings which are exceptional by international standards, particularly for an economy at China’s level of per capita income. Such high and rising rates of domestic savings in turn imply a suppression of domestic consumption out of incremental income, which reflects a combination of the sheer rapidity of the growth itself, as well as growing income inequalities, especially in the functional distribution of income. The available evidence clearly suggests worsening inequality in China, as shown in Table 1.