They are convinced that the country's massive savings can be utilised to drive the economy, if only they can get their hands on them. Then they can start picking winners , as they say in the West. I dread to think what the next fad will be. And they think they are capable of managing the savings of others. The Austrian school points out that savings are a process and not a simple cash balance.
Savings are the means by which present goods are transformed into future goods.
In more prosaic language, when genuine savings occur the saver redirects his purchasing power from current consumption to greater future consumption. This can be done either directly, though the banking system or the stock market, etc. The main point is that he restricts his current consumption by using his money direct resources from the use of consumer goods to the production of capital goods. It is these goods that form his savings. Eventually, this investment leads to a greater flow of consumer goods that then raises living standards.