In the new Five-Year Plan for 2011-2015, some binding targets are set for the social safety-net reforms. The social-security system will finally provide universal coverage, including the rural population and migrant workers in China’s cities. More public funds will be available for rural education and rural health care. More public services will be provided to newly urbanized rural migrants. All of these changes will increase household consumption in both the short and long term. When all of these reforms are realized, China’s national saving rate may be reduced to 45%, from 51% currently. That will have a very significant effect in terms of reducing the current-account surplus, which reflects net national savings.