Global EditionASIA 中文双语Français
China
Home / China / Latest

Chinese people's disposable income surges 60 times in past 70 years

Xinhua | Updated: 2019-08-11 11:31
A customer scans a QR code for payment at a market in Hohhot, Inner Mongolia on Oct 18, 2018. [Photo/IC]

BEIJING - Chinese residents saw their per capita disposable income surge by nearly 60 times during the past seven decades thanks to the country's steady economic expansion.

The per capita disposable income stood at about 49.7 yuan in 1949, and topped 28,200 yuan ($4,030) in 2018, registering a growth of over 59 times factoring in inflation, a report from the National Bureau of Statistics (NBS) showed.

The steady income growth also led to continuous increases in consumption spending. Chinese residents' per capita consumption spending surged from 88.2 yuan in 1956 to 19,853 yuan in 2018, growing 28.5 times in real terms, NBS data showed.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US