China Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 11.600 % in 2021. This records a decrease from the previous number of 11.900 % for 2020. China Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 15.100 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 19.500 % in 2010 and a record low of 8.900 % in 1990. China Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

China Poverty Headcount Ratio at $6.85 a Day: 2017 PPP: % of Population data was reported at 17.000 % in 2021. This records a decrease from the previous number of 24.800 % for 2020. China Poverty Headcount Ratio at $6.85 a Day: 2017 PPP: % of Population data is updated yearly, averaging 54.000 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 99.000 % in 1990 and a record low of 17.000 % in 2021. China Poverty Headcount Ratio at $6.85 a Day: 2017 PPP: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. Poverty headcount ratio at $6.85 a day is the percentage of the population living on less than $6.85 a day at 2017 international prices.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

National Coverage. Oversampling was used in Beijing, Guangzhou, and Shanghai.

Analysis unit

Individual

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Sample survey data [ssd]

Frequency of data collection

Triennial

Sampling procedure

As in the first edition, the indicators in the 2014 Global Findex are drawn from survey data covering almost 150,000 people in more than 140 economies-representing more than 97 percent of the world's population. The survey was carried out over the 2014 calendar year by Gallup, Inc. as part of its Gallup World Poll, which since 2005 has continually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 140 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. The set of indicators will be collected again in 2017.

Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or is the customary methodology. In most economies the fieldwork is completed in two to four weeks. In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid. In economies where cultural restrictions dictate gender matching, respondents are randomly selected through the Kish grid from among all eligible adults of the interviewer's gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size in China was 4,696 individuals.

Mode of data collection

Other [oth]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on cash withdrawals, saving using an informal savings club or person outside the family, domestic remittances, school fees, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7255, World Bank, Washington, D.C.

China Proportion of Population Pushed Below the $3.20: Poverty Line by Out-of-Pocket Health Care Expenditure: 2011 PPP: % data was reported at 3.360 % in 2016. This records an increase from the previous number of 3.091 % for 2013. China Proportion of Population Pushed Below the $3.20: Poverty Line by Out-of-Pocket Health Care Expenditure: 2011 PPP: % data is updated yearly, averaging 3.091 % from Dec 1995 (Median) to 2016, with 5 observations. The data reached an all-time high of 3.574 % in 2007 and a record low of 1.095 % in 1995. China Proportion of Population Pushed Below the $3.20: Poverty Line by Out-of-Pocket Health Care Expenditure: 2011 PPP: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. Proportion of population pushed below the $3.20 ($2011 PPP) poverty line by out-of-pocket health care expenditure. This indicator shows the fraction of a country’s population experiencing out-of-pocket health impoverishing expenditures, defined as expenditures without which the household they live in would have been above the $3.20 poverty line, but because of the expenditures is below the poverty line. Out-of-pocket health expenditure is defined as any spending incurred by a household when any member uses a health good or service to receive any type of care (preventive, curative, rehabilitative, long-term or palliative care); provided by any type of provider; for any type of disease, illness or health condition; in any type of setting (outpatient, inpatient, at home).; ; World Health Organization and World Bank. 2021. Global Monitoring Report on Financial Protection in Health 2021.; Weighted Average; This indicator is related to Sustainable Development Goal 3.8.2 [https://unstats.un.org/sdgs/metadata/].

China Poverty Headcount Ratio at $2.15 a Day: 2017 PPP: % of Population data was reported at 0.000 % in 2021. This stayed constant from the previous number of 0.000 % for 2020. China Poverty Headcount Ratio at $2.15 a Day: 2017 PPP: % of Population data is updated yearly, averaging 8.300 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 72.000 % in 1990 and a record low of 0.000 % in 2021. China Poverty Headcount Ratio at $2.15 a Day: 2017 PPP: % of Population data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. Poverty headcount ratio at $2.15 a day is the percentage of the population living on less than $2.15 a day at 2017 purchasing power adjusted prices. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).