Abstract
In the Methodology for the Compilation of China’s Balance Sheet issued by NBS (NBS, 2007), “the household sector” is defined as a collection of “permanent resident households”, including urban permanent resident households, rural permanent resident households and urban and rural “self-employed laborers”.
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- 1.
The term of household sector in China is similar to the definition of household sector in the Canadian national balance sheet, which includes individuals and unincorporated business units. But in the official statistics of the United States and Britain, households and non-profit organizations are combined into one sector.
- 2.
It should be noted that, as far as the household sector is concerned, the data of Sources & Uses of Credit Funds of Financial Institutions in RMB and Sources and Uses of Credit Funds of Financial Institutions in RMB and Foreign Currency are extremely similar, so the difference is negligible. For example, in December 2011, the household loans in the two reports was 13.6 and 13.61 trillion yuan respectively.
- 3.
For the discussion on the survey data of Southwestern University of Finance and Economics, see the relevant reports of Jie (2012) as well as Ximing and Shi (2013).
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© 2017 China Social Sciences Press and Springer Science+Business Media Singapore
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Li, Y., Zhang, X. (2017). Household Balance Sheet. In: China's National Balance Sheet. China Insights. Springer, Singapore. https://doi.org/10.1007/978-981-10-4385-7_8
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DOI: https://doi.org/10.1007/978-981-10-4385-7_8
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