Data you need to know about China

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

doi:10.1007/978-3-642-38151-5

Cited by 72 publications

(31 citation statements)

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“…Center of Tsinghua University in 2011 (Liao, 2011) and the data collected from the student families as a side survey for the third China Household Finance Survey in 2015 (for more details about this panel data set, see Gan, Yin, & Jia, 2012).…”

Section: Survey Of Consumer Finance' Conducted By the Chinese Financialmentioning

confidence: 99%

Financing knowledge, risk attitude and P2P borrowing in China

Han

Xiao

2018

Int J Consumer Studies

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The advance of Internet technology has provided a convenient market platform for matching lending and borrowing parties, but many consumers still hesitate to use online borrowing. To better understand consumer behaviour in online borrowing, we use nationally representative survey data in China to explore factors affecting consumer use of one type of online borrowing, person to person (P2P) borrowing. Through empirical analyses, we find that financing knowledge and risk attitude are two key factors associated with P2P borrowing. Results show that financing knowledge is directly associated with P2P borrowing, while risk attitude through an instrument variable is associated with P2P borrowing also. Given these results, an effective way to expand the consumer Internet borrowing market in China is to enhance consumer financial literacy education.

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Section: Survey Of Consumer Finance' Conducted By the Chinese Financialmentioning

confidence: 99%

Financing knowledge, risk attitude and P2P borrowing in China

Han

Xiao

2018

Int J Consumer Studies

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“…In the case of income inequality, the NBS stopped releasing the Gini coefficient after it reached 0.41 in 2000 (8). It was not until an economist claimed that the Gini coefficient had reached the shockingly high level of 0.61 that the NBS, in early 2013, released the Gini coefficients for recent years, which were slightly under 0.5 (2,9). What is the true level of income inequality in today's China?…”

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confidence: 99%

Income inequality in today’s China

Xie

Zhou

2014

Proc. Natl. Acad. Sci. U.S.A.

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Significance We document a rapid increase in income inequality in China’s recent past, capitalizing on newly available survey data collected by several Chinese university survey organizations. By now, China’s income inequality not only surpasses that of the United States by a large margin but also ranks among the highest in the world, especially in comparison with countries with comparable or higher standards of living. We argue that China’s current high income inequality is significantly driven by structural factors attributable to the Chinese political system, the main structural determinants being the rural-urban divide and the regional variation in economic well-being.

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“…At present the truth is, from the perspective of the whole country, that the expenditure on human affairs in China does show the characteristics of high proportion of total income and rapid growth. For example, the data [5] from China Household Finance Survey (CHFS) at Southwestern University of Finance and Economics in 2011 show that on the whole the expenses Chinese families spent on holidays and weddings and funerals account for an average of 7.9% of the total household net income; furthermore, the rate will rise to 11.4% considering only rural households; while the rate will increase sharply to 45.1% if only families with income below the first quartile of all household income are considered. As another example, according to the survey data [6] of Chinese Family Panel Studies (CFPS) in 2010 and 2014, the change of the total expenditure on red packet money in terms of family units rose from 2286.2 RMB in 2010 to 3833.6 RMB in 2014, increasing about 67.0%.…”

Section: Discussionmentioning

confidence: 99%

Game Theory Analysis about the Red Packet Money

Bai¹,

Pan²,

Li³

2017

Proceedings of the 2017 2nd International Conference on Education, Management Science and Economics (ICEMSE 2017)

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Abstract-The red packet money is a topic of great concern in recent years. It originated in the late Ming Dynasty and early Qing Dynasty and became extravagant in the late Qing dynasty and the Republic of China. It is hard to say that this kind of money at present is an authentic traditional custom. However, it is a rising part in every person's spending. This paper applies simple game analysis, finding that the emergence and development of the red packet money obviously have the characteristics of so-called the Prisoners' Dilemma. It is difficult for rational people in the market economy to make decisions to set a reasonable standard through their own adjustments. The prevalence of red packet is usually accompanied by extravagant rituals that are not commensurate with the actual economic level. In order to solve this problem, we need corresponding government guidance.

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Data you need to know about China

Cited by 72 publications

References 0 publications

Financing knowledge, risk attitude and P2P borrowing in China

Financing knowledge, risk attitude and P2P borrowing in China

Income inequality in today’s China

Game Theory Analysis about the Red Packet Money

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