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Government Revenue refers to the revenue of the government directly disposable finance, including various tax revenue and other revenue. In accordance with the classification of the structure of the government finance in 1994 on the basis of the classification of channels for collection of tax revenue, the revenue of the central government and the revenue of the local governments have different coverage. Revenue of the central government includes 75% of the value added tax and 100% of the value consumption tax, etc, The revenue of the local governments includes 25% of the value added tax, business tax, (excluding business taxes of head offices of bank, profits of railways, head office of insurance company) , income tax of the local enterprises subordinated to the local government, income tax of foreign, Hongkong, Macao and Taiwan funded enterprises,personal income tax, tax on the use of urban land, tax on the adjustment of the investment in fixed assets, tax on town maintenance and construction, tax on resources (excluding tax on ocean petroleum resources), tax on real estates, tax on the use of vehicles and ships, stamp tax, slaughter tax, tax on agriculture and animal husbandry, tax on the occupancy of cultivated land, contract tax, inheritance tax, gift tax, land value added tax, income of non -gratuitous use on the state-owned land and income of funds. Total of government revenue included the revenue of the central government and the revenue of the local governments. Now the content and coverage of the local financial revenue is difference from that before 1994, please pay attention to distinguish when you use. From January 1,2002 , distribution of income tax changed, central government share in 50% and local government share in 50%, the figures in 2002 are not comparable with the previous years.
General Budgetary Financial Revenue refers to financial revenue with budgetary management through certain form and procedure by financial departments at each level, also called “budgetary revenue” before reformation of accounting system.
Fund Budgetary Revenue refers to government fund budgetary revenue with financial management and assigned uses gathered by rules or through financial arrangement.
General Budgetary Financial Expenditure refers to expenditure distributed and used from general budgetary financial revenue by financial departments at each level.
Fund Budgetary Expenditure refers to expenditure arranged from fund budgetary revenue by financial departments at each level.
Insurance Density refers to per capita premiums which is based on permanent resident population.
Insurance Depth refers to the proportion of premiums to gross domestic product.
Deposit is a form of credit by which enterprises, institutions, organizations or households can put money into banks and other credit institutions for safekeeping and interest earning under the principle of free withdrawal. According to different depositors, deposits are divided into enterprise deposits, treasury deposits, urban and rural savings deposits, rural deposits, entrust and other deposits. Deposits are major sources of credit funds of banks.
Loan is a from of credit by which banks and other credit institutions provide funds at certain interest rate to enterprises and individuals in the light of the principle of unconditional repayment. Loans from Chinese banks include industry loans, agriculture loans, commerce loans, construction loans, loans to private and individuals, township enterprises loans, medium & long term loans, entrust and other loans.
Amount Insured refers to the maximum that the insurant will get for the claim of the case insured.
Premium is the fee paid by the insurant to the insurer to obtain the obligation of compensation from the insurance within the agreed terms.
Settled Claim is the compensation paid by the insurer to insurant in accordance with the insurance contract.
Payment includes payment for death, injury or medical treatment and mature payment. Payment for death, injury or medical treatment refers to the money paid to insurant (or the beneficiary) in accordance with the life or health insurance contract when the insurant encounters accidents within the insured period covered in the contract. Mature payment refers to the mature payment to the insurant in accordance with the life insurance contract at the end of the insured period.
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