Data you need to know about China, 2014 Research Report of China Household Finance Survey•2012

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.

Survey design.- Household demographics and work characteristics.- Non-financial assets.- Household financial assets.- Household debts.- Insurance and social welfare.- Expenditure and income.- Household wealth.

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 Pr

The first and the only nationally representative survey so far on household finance in China

Covering 29,000 individuals, 8,438 households, 320 communities, 25 provinces/ municipalities

Provides high-quality and well-analyzed data for academic research and policy making

China’s Gini stands at 0.61 according to the survey - a large income and wealth disparity