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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