Discourses on Chinese folk happiness are often based on anecdotal narratives or qualitative analysis. Two traditional concepts of happiness popular in Chinese culture are introduced. The paper constructs a concept of Chinese folk happiness on basis of the findings of a scientific survey on the Taiwanese people regarding their concepts of well-being at nation and personal levels. The survey has revealed that people's concepts of well-being are consisted of a diversity of elements including political, economic, social, and cultural factors, as well as health, family, job, and social relationships. The paper compares these concepts with the traditional notions of Chinese folk happiness.