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.
This book introduces the fundamental mechanism of photonic glasses - the linear and nonliner optical effects in glass under intense light irradiation: photo-induced absorption, refraction, polarization, frequency, coherence and monochromaticity changes. Emphasis is placed on new developments in the structure, spectroscopy and physics of new glassy materials for photonics applications, such as optical communication, optical data storage, new lasers and new photonic components and devices. The book presents the research results of the authors in new glasses for photonics over the last decade.
Once she was saved, she became his captive, and from then on, she began her miserable life ...He insisted on having a baby, but he was swept out of the house.Looking at the couple at the wedding, she thought ... He was going to die.She looked at imp and asked, "Where's your mother?
Once she was saved, she became his captive, and from then on, she began her miserable life ...He insisted on having a baby, but he was swept out of the house.Looking at the couple at the wedding, she thought ... He was going to die.She looked at imp and asked, "Where's your mother?
Once she was saved, she became his captive, and from then on, she began her miserable life ...He insisted on having a baby, but he was swept out of the house.Looking at the couple at the wedding, she thought ... He was going to die.She looked at imp and asked, "Where's your mother?
After a steady increase following the global financial crisis, private nonfinancial sector leverage rose further during the COVID-19 on the back of easy financial conditions induced by unprecedented policy support. We investigate the empirical relationships between increased leverage, financial conditions, and macro-financial stability in a sample of major advanced and emerging market economies. We find that loose financial conditions contribute to leverage buildups and generate an intertemporal tradeoff: financial stability risk is lessened in the near term but exacerbated in the medium term. The tradeoff is amplified during credit booms, when debt service burdens are particularly high, or when the share of foreign currency debt is high in emerging markets. Selected macroprudential tools can arrest leverage buildups and mitigate the tradeoff.
After the first time, the person lying beside her was not her fiancé. A conspiracy had destroyed her family and forced her to a dead end. Before he could escape the wolf's den, he had fallen back into the tiger's den. Fortunately, this tiger didn't eat humans and was as gentle as a kitten towards her.
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