Using the Chinese Longitudinal Healthy Longevity Survey, we try to identify the effect that quantity of children has on the health statuses of elderly parents. After dealing with a potential endogeneity problem using instrumental variable estimation, we find no significant long-arm “fertility effect,” but do find a positive “supporting effect” of the quantity of children on parental health. That is, giving birth to more children has no significant effect, but the availability of additional children in old age has a beneficial effect on health during that time. Further investigation yields a more significant effect on mothers than on fathers, and a more pronounced effect on cognitive health than on physical health, as measured by occurrences of hypertension.
While Chinese law occupies a sui generis position, namely, East Asian law, it is generally acknowledged that Chinese law comfortably wears the dress of civil law. The Chinese civil law tradition finds its historical roots in the late Qing Dynasty (1902–1911). Long before Alan Watson's magisterial book on the legal transplant, China experimented with importing foreign law. More to the point, the newly enacted Chinese Property Code, in effect for more than two years still has this feature. The new property code is an evolution rather than a revolution, since it is little more than an organic development of the existing law. Consequently, one would expect to find in the new legislation many traces of its past history. It is worth noting that any legal development is not a complete break with its past. Chinese law is no exception. A historical perspective exploring the origin of the traditions of civil law is both necessary and useful for it can shed light on the direction of the future development of Chinese private law.
The Chinese economy has since 2003 maintained a level of growth exceeding 10%, with a continuously increasing rate of growth. In terms of the annual economic growth rate cycle, economic activity has remained in the ascendant stage of the economic cycle since 2000. Will the Chinese economy overheat in 2007 or 2008? When will the current economic cycle reach its turning point? Will the increase in CPI develop into severe inflation? These issues have once again become the centre of attention. This chapter has used dynamic monitoring of major economic indices and the leading, coincident, and lagging indices established as part of the Macroeconomic Climate Analytic System to analyse the current economic climate and price situation from various perspectives. It also uses several econometric models to forecast economic development trends and major macroeconomic indices for 2007 and 2008 and suggest certain policy advice.