Explanatory Notes on Main Statistical Indicators

 

Saving Deposits of Urban and Rural Residents   refer to the total value of savings deposits of urban and rural households in banks and rural credit cooperatives at a given point of time, including the saving deposits of urban residents and the saving deposits of rural residents. The cash in hand by residents and the deposits of organizations such as enterprises, military units, government agencies, institutions, etc. are not included.

Employed Population in Urban (Town) Households   refers to urban (town) residents engaged in certain work and receiving payment for their labor or income from their business operation, including those who work in state-owned or collective units and other various economic units; the owners and employees of urban private enterprises, reemployed retirees and other employed persons. This index indicates the employment condition of the urban residents, which is the key indicator for calculating employment rate and dependency ratio.

Total Income of Urban (Town) Households   refers to the sum of wage and salary, net business income, income from properties, and income from transfers of members of the households under survey who live together during the period of survey, excluding income from selling of properties and income from borrowings.

Disposable Income of Urban (Town) Households   refers to the actual income at the disposal of members of the surveyed households which can be used for final consumption, other non-compulsory expenditure and savings. This equals to total income minus income tax, personal contribution to social security and sample household subsidy for keeping dairies. Following formula is used:

Disposable income = total household income - individual income tax - personal contribution to social security

–sample household subsidy for keeping dairies

Total expenditure of Urban (Town) Households   refers to total actual expenditure of households apart from the loan expenditure, including consuming expenditure, property expenditure, transferred expenditure, social security expenditure and housing expenditure.

Consumption Expenditure of Urban (Town) Households   refers to total expenditure of the sample households for consumption in daily life, including expenditure on eight categories such as food, clothing, household appliances and services, health care and medical services, transport and communications, recreation, education and cultural services, housing, miscellaneous goods and services.

Expenditure of Urban (Town) Households on Consumption of Services   refers to expenditure of households on non-commodity services of various kinds provided by the society, including the payment service for other people. Service consumption is different from commodity consumption. Services are offered and consumed at the same time and place. This is a derivative indicator, which is derived from the percentage of the service consumption expenditure in other expenditures such as grain and products, food processing service, dining out, clothing processing service, household service, medical service, transporting vehicle service, transit, telecommunication service, education, cultural and entertainment service, tuition fees, housing rent, interior decoration, residential service and other services.

Urban (Town) Households by Income Group   All households in the sample are grouped, by per capita disposable income of the household, into groups of lowest income, low income, lower middle income, middle income, upper middle income, high income and highest income, each group consisting of 10%, 10%, 20%, 20%, 20%, 10% and 10% of all households respectively. The lowest 5% of households are also referred to as poor households.

Engel Coefficient   refers to the percentage of expenditure on food in the total consumption expenditure, using the following formula:

Engel Coefficient = (expenditure on food / total consumption expenditure) x 100%

Full/Semi Labor Force   Full labor force refers to persons capable of work, aged 18-50 for males and 18-45 for females. Semi labor force refers to persons capable of work, aged 16-17 and 51-60 for males and 16-17 and 46-55 for females. Persons at their working ages but not capable of work are not to be included as labor force. Persons not at working ages but participating regularly in work are included in semi labor force. For staff and workers as resident population of the household, they are included as full or semi labor force of the household if they are in the labor force.

Total Income of Rural Households   refers to the sum of income earned from various sources by the rural households and their members during the reference period, and is classified as income from wages and salaries, income from household operations, income from properties and income from transfers.

Cash Income of Rural Households   refers to income received by rural households and their members in the form of cash during the reference period. It is classified, by source of income, into income from wages and salaries, cash income from household operations, income from properties and income from transfers.

Net Income of Rural Households   refers to the total income of rural households from all sources minus all corresponding expenses. The formula for calculation is as follows:

Net income = total income –household operation expenses – taxes and fees paid – depreciation of fixed assets for production

subsidy for participating in household survey – gifts to rural relatives

 Net income is mainly used as input for reproduction and as consumption expenditure of the year, and also used for savings and non-compulsory expenses of various forms. “Per capita net income of farmers” is the level of net income averaged by population which reflects the average income level of rural households in a given area.

Total Expenditure of Rural Households   refers to total expenses of rural households on production, consumption and redistribution, including expenditure on household operations, on purchase of productive fixed assets, depreciation of productive fixed assets, taxes and fees, expenses on household consumption, expenses on properties and expenses on transfers.

Expenditure on Household Consumption of Rural Households   refers to expenditure by rural households on their material and cultural life, including expenditure on food; clothing; housing; household appliances, articles and services; health and medical service; transportation and communications; articles and services on culture, education and recreation; and other goods and services.

Cash Expenditure of Rural Households   refers to cash expenditure by rural households for production, consumption and redistribution during the reference period, including cash expenses on household operations, taxes and fees, purchase of productive fixed assets, household consumption, and expenses on properties and transfers.

Consumer Price Index   reflects the relative change in prices of consumer goods and services in a certain period of time, Formation of consumer price index aims to study the impact of consumer price changes on the actual living cost of urban and rural residents and to provide scientific basis for central government and relevant departments in drawing up consumer up consumer policy, price policy, wage policy and monetary policy and in accounting the nation economy. It is also a key index reflecting the fluctuation of inflation.

Retail Price Index   refers to the prices at which industrial, commercial, catering and other retail enterprises sell daily consumer goods and products for office use to urban and rural residents and institutions and social organizations. It reflects the general change in prices of retail commodities in a certain period of time. Formation of retail price index aims to keep abreast of price fluctuation of retail commodities and provide the reference basis for the central government in working out economic policies.

Producer Price Indices for Farm Products   reflect the trend and degree of changes in producers’ prices received by farmers when they sell farm products during a given period. These indices depict the change in the level and struture of producer prices for farm products of the country and meet the needs of agricultural statistics and national accounts statistics. The producer price index for a given product is calculated as the geometrical mean of individual indices for all surveyed units which sell such product, and the indices for a product category is obtained as the weighted mean of price indices for all products in the category. Method for calculating accumulative quarterly indices is the same as for calculating the individual quarterly indices.

Producer Price Index    formerly Industrial Product Price Index, is a statistic indicator reflecting the fluctuating tendency and extent of the price of manufactured goods. It is a relative ratio of the average price fluctuation of manufactured goods in different times and places. The price of manufactured goods includes the factory price of the manufactured goods at the first sale and the price of the raw materials, fuel and power purchased by the enterprises as intermediate input, which is an important basis for national economic accounting and economic administration.

Price Indices of Investment in Fixed Assets   is a relative ratio reflecting the trend and degree of changes in prices of investment goods and charging projects in fixed assets of various engineering projects during a given period. This indicator is used to remove the factor of price change in the aggregates of investment at current prices.

Price Index of Residential Real Estate Sales   is a relative ratio reflecting the general trend and variation degrees of the sales price of the residential real estate. This index of China is composed of the sales price of residential real estate and the sales price of second-hand residential real estate in 70 medium-large cities.