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Data you need to know about China

Research Report of China Household Finance Survey•2012

verfasst von: Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Verlag: Springer Berlin Heidelberg

Enthalten in: Springer Professional "Wirtschaft+Technik" , Springer Professional "Wirtschaft"

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Über dieses Buch

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 China’s 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 today’s China.

The China Household Finance Survey has a guiding significance for a realistic strategy adjustment and is also a major breakthrough in the subject’s 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 CHFS's 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 Survey•2012 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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Inhaltsverzeichnis

Frontmatter

Chapter 1. Survey Design

Abstract

The sampling design for the China Household Finance Survey (CHFS) comprises two major components, an overall sampling scheme and an onsite sampling scheme based on mapping. This design has two objectives: first, to draw a random sample that is representative of all Chinese households; and second, to provide sufficient data to answer important research questions such as household asset allocation, consumption, and saving. To achieve these goals, the sampling design has the following four features. First, we oversample observations from relatively wealthy regions. Second, we oversample observations from urban areas. Third, the sample is representative of the diverse geographic regions of China. Fourth, if all else is equal, we choose the least costly procedures.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 2. Household Demographics and Work Characteristics

Abstract

The 2011 CHFS collects information from 8,438 households consisting of 29,463 individuals. The average household size thus is 2.94, and is 2.67 for urban households and 3.18 for rural households. The sample contained 564 single-person households, accounting for 6.7 % of the sample; 1,792 two-person households, accounting for 21.24 % of the sample; 2,498 three-person households, accounting for 29.6 % of the sample; 1,583 four-person households, accounting for 18.76 % of the sample; 1,147 five-person households, accounting for 13.59 % of the sample; and 854 households with six or more persons, accounting for 10.12 % of the sample. Figure 2.1 illustrates the distribution of household size.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 3. Non-financial Assets

Abstract

Among the 8,438 households in the sample, 8,346 reported on their engagement in agriculture-related or industrial and commercial activities. Table 3.1 shows that 1,223 of the 4,405 households in the rural subsample (27.99 %) engaged in neither agriculture-related nor industrial or commercial activities during 2010. At the other end of the spectrum, 242 households (5.49 %) engaged in both types of activities. Also, 2,533 households (57.5 %) only engaged in agriculture-related activities, while 407 (9.24 %) only engaged in industrial or commercial activities. A total of 2,775 households engaged in agriculture-related activities during 2010, accounting for 61.99 % of the rural subsample. Therefore 38.01 % of households in the rural subsample are not engaged in agriculture-related activities. This implies that a large area of agricultural land is left idle.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 4. Household Financial Assets

Abstract

We examine household involvement in financial markets in terms of bank deposits, stocks, bonds, funds, derivatives, and other financial products.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 5. Household Debts

Abstract

In the CHFS project, household debts include debts assumed as a result of household agricultural, industrial or commercial undertakings, mortgages on real estate, car loans, education loans, credit card debts, and other debts.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 6. Insurance and Social Welfare

Abstract

Insurance and social welfare are important components of household financial assets. They help individuals and families hedge risks, save and invest for the future, and have become essential for Chinese people.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 7. Expenditure and Income

Abstract

Table 7.1 reports eight types of household expenditure, including food, clothing, utilities, daily purchases and durables, health care, transportation and communication, education and entertainment, and other expenditures. The average annual expenditure of the sampled households for 2010 is 41,904 yuan with a median of 25,073 yuan. Food dominated total expenditure, with average household spending of 12,016 yuan, accounting for 28.67 % of the total. After food, the other two major forms of expenditure were transportation and communication, and utilities. Spending on the former totaled 7,834 yuan (18.70 %), while spending on the latter was 6,878 (16.41 %).

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Chapter 8. Household Wealth

Abstract

In the CHFS project, family assets include non-financial and financial assets. Non-financial assets include business assets, land and housing, vehicles, and durables. Financial assets include bank deposits, stocks, bonds, funds, derivatives, wealth management products, non-RMB assets, gold, and loans extended.

Li Gan, Zhichao Yin, Nan Jia, Shu Xu, Shuang Ma, Lu Zheng

Titel: Data you need to know about China
verfasst von: Li Gan
Zhichao Yin
Nan Jia
Shu Xu
Shuang Ma
Lu Zheng
Copyright-Jahr: 2014
Verlag: Springer Berlin Heidelberg
Electronic ISBN: 978-3-642-38151-5
Print ISBN: 978-3-642-38150-8
DOI: https://doi.org/10.1007/978-3-642-38151-5