Since the beginning of the 21st century, China has been experiencing a dramatically rapid economic development. What is the real life of Chinese people like under Chinas steady GDP fast growth? How rich are the rich and how poor are the poor? This book provides first-hand data on standards of living in Chinese households, which may help to answer the above questions.The Survey and Research Center for China Household Finance conducted the first and only nationally representative survey on household finance in China in 2011. The China Household Finance Survey (CHFS) collected the micro-level information of Chinese households demographics, housing and financial assets, debt and credit constraints, income and expenditures, social welfare and insurance, intergenerational transfer payments, employment and payment habits.Readers will receive a vivid picture of wealth disparity, real estate market developments, social welfare status, household financial behaviors and other economic issues in todays China.The China Household Finance Survey has a guiding significance for a realistic strategy adjustment and is also a major breakthrough in the subjects development at universities. Li Daokui, Professor at Tsinghua University.The China Household Finance Survey (CHFS) is an in-house interview survey with a large influence in China. The CHFSs sample includes both urban and rural households, which is very important to the study of the overall household finance of China. Hongbin Li, Economist, Professor of Tsinghua University.Research Report of China Household Finance Survey2012 bridges a major gap in the household finance field in China, and will have far-reaching academic and policy-making implications.Liu Yuzhen, Professor at Peking University.
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1 | (16) |
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1.1.1 The Overall Sampling Scheme |
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1.1.2 The Onsite Sampling Scheme |
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1.2 Quality Control in Data Collection |
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1.2.1 Interview Training and Community Relations |
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1.2.2 Quality Control of the Interview |
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1.3 Distribution and Comparison of the Refusal Rate |
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1.3.1 Distribution of the Refusal Rate |
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1.3.2 Comparison of Refusal Rates with Other Surveys |
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1.4 Data Representativeness |
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1.4.1 Demographic Characteristics |
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2 Household Demographics and Work Characteristics |
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2.1 Household Demographics |
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2.1.1 Household Composition |
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2.1.5 Political Affiliation |
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3.1.2 Industrial and Commercial Activities |
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3.1.3 Bank Loans and Borrowings for Agricultural, Industrial and Commercial Undertakings |
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3.3.3 New Versus Used Cars and Costs |
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3.3.5 Credit Constraints for Buying Cars |
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3.4 Other Non-financial Assets |
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3.4.2 Other Non-financial Assets |
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4 Household Financial Assets |
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4.1 Financial Market Participation |
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4.1.1 Overall Participation Rate |
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4.1.2 Participation in the Stock Market |
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4.1.3 Participation in the Mutual Fund Market |
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4.1.4 Participation in the Bank Deposit Market |
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4.1.5 Participation in Personal Lending |
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4.2 Allocation of Financial Assets |
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4.2.1 Value of Financial Assets |
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4.2.4 Ratio of Risky Assets |
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4.3 Composition of Financial Assets |
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4.3.6 Wealth Management Financial Products |
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5.8 Debts from Informal Channels |
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6 Insurance and Social Welfare |
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148 | (2) |
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150 | (7) |
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6.2.1 Penetration of Family Commercial Insurance |
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150 | (2) |
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6.2.2 Commercial Life Insurance |
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6.2.3 Commercial Health Insurance |
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153 | (1) |
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6.2.4 Commercial Retirement Insurance |
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6.2.5 Other Types of Insurance |
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7.1 Consumption Expenditure |
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162 | (3) |
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7.5 Risk Sharing and Incentives for Saving |
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8.1 Total Household Assets |
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167 | (2) |
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8.2 Total Household Debts |
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169 | (1) |
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170 | (1) |
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8.4 Household Balance Sheet |
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171 | |
Li Gan
Dr. Gan is currently the Professor of Economics at Texas A&M University and the Director of the China Household Finance Survey (CHFS) at the Southwestern University of Finance and Economics. Moreover, he is also a faculty research fellow at the National Bureau of Economics Research. Dr. Gan obtained his bachelor of engineering from Tsinghai University in Beijing, China in 1987 and he studied under the direction of Daniel L. McFadden, the winner of The Nobel Economics Prize 2000, at the University of California in Berkeley, where he achieved his master of science in statistics and PhD in economics in 1998. He started his teaching career at the University of Texas in Austin in 1998, and moved to Texas A&M University in 2005. He has written extensively about household economic behavior. Since 2009, he has initiated and has been directing the China Household Finance Survey, a nationally representative household survey in China.
Zhichao Yin
Dr. Yin, full Professor of School of Finance, Southwestern University of Finance and Economics, is the deputy director of the Survey and Research Center for China Household Finance. In addition to his involvement with the academic research and arrangement of CHFS, Dr. Yin is also in charge of the daily administration of CHFS affairs. His research fields include: household finance, banking, and applied microeconomics.
Nan Jia
Dr. Jia, Associate Professor of School of Economics, Southwestern University of Finance and Economics, is the deputy director of the Survey and Research Center for China Household Finance. She is responsible for designing and organizing the training program, preparing training materials, human resource management and the center's financial affairs. Dr. Jia's research focuses on the fields of household finance, labor economics and applied microeconomics.
Shoo Xu
Dr. Xu,Associate Professor of School of Economics, Southwestern University of Finance and Economics, is the deputy director of the Survey and Research Center for China Household Finance, and he is an expert in questionnaire design, sampling and is responsible for data quality control of CHFS. Dr. CSUs teaching and research fields are labor economics, applied micro econometrics.
Shang Ma
Dr. Ma, lecturer at the School of Economics, Southwestern University of Finance and Economics, is the supervisor of the academic research team for the CHFS and in charge of report writing and project application at the center. His primary research interests are health economics and labor economics.
Lu Zhen
Dr. Zhen is the Associate Professor of Department of Sociology, Tsinghai University. He is in charge of the translation work for this book. Dr. Zhens research fields include: organization theories, economic sociology, and urban sociology.
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