Professional Documents
Culture Documents
Basics of China
3
4
4
0Basics of China
Heihe
Area: 43%
Population: 94%
GDP: 96%
Meters
Tengchong
Natural Resources
Reserves of many natural resources of China are ranked among
the largest in the world. Due to a large population the per capita
average share of natural resources are relatively low
Land resources
Mineral resources:
Total value of proven mineral resources: rank 3rd in the world
Per capita: less than of the world average
Water resources:
Per capita: of the world average
Almost half of 670 cities in China are facing the problem of water
shortage
Demographic Situation
Population:1.385 bill.(2012)
Mainland:1.354 bill.
Hong Kong: 7.17 mill.
Macau: 0.58 mill.
Taiwan:23.3 mill.
Basics of China
44
Economic reform:
Market Economy
(1978 till Now)
1.8% - 11.5%
About 9.97%
Globalization: Chinas economy has been converted from isolated structure in the
past to the opening system at present
Share of Chinese Foreign Trade in the world ( 0.79%-export & import,1978; 10.4%-
export,9.5%-import,2011) Export volume rank 1ST, Import volume rank 2nd, (2011)
FDI absorbed by China
0.92bill(1983) -111.7bill( 2012)
Foreign Reserve:
3.31 trillion. US$,(2012) Rank 1ST
2010)
Life-expectancy on average
68 years - 73.5 years(1981-2011)
Popularization of Education
Average years of education for population above 15, over 9 years;
In 2013, college graduates, over 7 million.
Middle Class
Rural Area
Scheme
Government
Insurance
Scheme (GIS)
Labor Insurance
Scheme (LIS)
Rural Cooperative
medical scheme
(RCMS)
Financing
Governmental
financial
agencies at all
levels
Enterprise welfare
fund
Collective investment,
joint investment by
collectives and
individuals, and
individual investment
Eligibility /
Beneficiaries
Working staff
members of
non-profit
institutions,
students and
retirees
Working staff
members of stateowned and
collective owned
enterprises, and
their spouses,
retirees
Old-age Insurance
Medical Insurance
Unemployment Insurance
Insurance for Work-related Injuries
Maternity Insurance
social welfare homes
old-age homes
sanatoriums
childrens welfare homes
the Minimum Living Standard security system
for Urban Residents
Natural Disaster Relief
Relief for Urban Vagrants & Beggars
Social Mutual Help
Rural pension Insurance System
Rural Cooperative Medical Service
The Minimum Living Standard security system
for rural Residents
Content
1984
1986
1994
1996
1998
1998
1999
2003
2007
2007
2009
2009
2010
2011
Pension Payments
Social Pooling
Fund
Employer
20
%
Private Saving
Account
Employee
8%
Institutional arrangement of new rural old age insurance & Old age
insurance for urban residents
Financing
Pension Payments
Min:
55yuan/month
Min:30yuan/yr
Private Saving
Account
Financing
Self
payment
6%*70%
Employer
6%
Social Pooling
Fund
Self
payment
Co-pay/Co-insurance
4.2%
6%*30%
Employee
2%
Ceiling (4 times of
annual average salary
of local working staff
members)
Private Saving
Account
3.8%
Out of
Pocket
Deductible (10%
of annual
average salary of
local working
staff members)
Medical Insurance
(including Urban Employees Basic Medical Insurance, Urban Residents
Basic Medical Insurance, New Rural Cooperative Medical Insurance)
over 95%,2013
New Rural Cooperative Medical Insurance
832 million Rural Residents, 97%,2013
Old-Age Insurance
820 million population
Work-related Injury Insurance
170 million
Unemployment Insurance
140 million
Housing security
36 million families
1978
1990
1995
2000
2001
2003
2005
2006
2007
poverty
threshold(RMB)
100
300
530
625
630
637
683
693
785
impoverished
population
250.0m
85.0m
65.4m
32.09m
29.27m
29.0m
23.65m
21.48m
14.79m
percentage of
impoverished population(%)
30.7
9.4
7.1
3.5
3.2
3.1
2.5
2.3
1.6
2008
2009
2010
2011
poverty
threshold (RMB)
1067
1196
1274
2300(6.3/day)
impoverished
population
40.07m
35.97m
26.88m
128.0m
percentage of
impoverished population(%)
4.2
3.8
2.8
13.4
Basics of China
3
4
4
Chinese
case
Aging Problem
Demographic Structure in Forecast (%)
2000
2010
2020
2030
2040
2050
0-14
24.84
20.25
18.83
17.17
16.21
16.09
15-59
65.07
67.49
64.34
59.23
56.22
53.93
60 and over
10.10
12.26
16.83
23.60
27.57
29.95
80 and over
0.89
1.33
1.85
2.71
4.43
7.00
0.009
0.002
0.0045
0.0092
0.0172
0.0338
year
1978
301
1983
101
1990
61
2025
31
Basics of China
3
4
4
Likonomics
"Likonomics" was coined at the end of June by Barclays
Capital to describe a series of measures adopted by the
State Council, led by new Premier Li Ke-qiang.
It stands for:
1. No (mini) stimulus.
2. Deleveraging.
3. Structural reform
Monetary policy,
did not relax or tighten the monetary policy in spite of the short-term
fluctuation in the money market,
properly managed liquidity,
strengthened supervision and improved regulation to prevent and
defuse potential risks in the fiscal and financial sectors,
taking pertinent measures to regulate and address local government
debt problem in an orderly fashion.
GDP> 7.5%,CPI<3.5%;
structural adjustment, enhance reforms, stabilize growth;
GDP> 7.5%,CPI>3.5%;
control inflation, structural adjustment, enhance reforms;
GDP< 7.5%,CPI<3.5%;
stabilize growth, structural adjustment, enhance reforms;
GDP< 7.5%,CPI>3.5%;
stabilize growth, control inflation, enhance reforms.
3Promoting reform
transforming government functions,
business-to-value added tax pilot reform(),
market-based interest rates reform,
Healthcare system
Promoting the 3 layer healthcare system
(570 mill,800 mill,> 95%)
Social insurance for catastrophic illness nationwide
Social relief
5.9%
100 mill medical relief
36