USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China's per capita disposable income up 8.8% in H1

Xinhua | Updated: 2017-07-17 14:20

BEIJING — China's average per capita disposable income grew 8.8 percent year-on-year to 12,932 yuan (about $1,913) in the first half of the year, data showed Monday.

Deducting inflation, the growth was 7.3 percent, exceeding the country's GDP growth of 6.9 percent for January-June, according to data from the National Bureau of Statistics (NBS).

Strong income growth and lifestyle changes in past years have helped boost China's consumer spending amid the government's efforts to shift the economy toward a growth model that draws strength from consumption, the service sector and innovation.

NBS data showed the income gap between China's urban and rural residents continued to narrow, with the real growth of per capita disposable income in rural areas 0.9 percentage point higher than that in urban regions.

The average rural residents' per capita disposable income reached 6,562 yuan in the first half, up 7.4 percent after deducting price factors, while that of urban residents increased 6.5 percent to 18,322 yuan.

More migrant workers were leaving their hometowns in the first six months, according to NBS data.

Some 178.73 million rural laborers were working outside their hometowns as of the end of June, up 2.1 percent compared with one year earlier. Their average monthly income grew 6.3 percent to 3,405 yuan in the second quarter.

Most Viewed in 24 Hours
BACK TO THE TOP
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