Economy

Six out of 10 expect income rise: survey

(Xinhua)
Updated: 2010-02-15 17:35
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BEIJING: A nationwide survey shows six out of 10 Chinese expect income growth in 2010, indicating Chinese people are confident in the country's economic outlook, a senior economist said Monday.

In an article published by the Beijing-based Guangming Daily, Yao Jingyuan, chief economist at the National Bureau of Statistics (NBS), said the survey was jointly conducted by the NBS, China's flagship television network CCTV, and China Post.

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According to the survey, residents in south China's Hainan island were the most optimistic about income growth this year, with 27 percent of survey respondents expecting a significant income rise in 2010.

A computer was the item most respondent wanted to buy in 2010, while travel was the second most popular. A car was the third popular product, with 32 percent of those polled intending to buy a car.

Among those potential car-buyers, 65 percent said they would buy a car worth no more than 100,000 yuan (14,641 U.S. dollars), according to the survey.

Some 54 percent of those surveyed said their biggest annoyance is soaring house prices. In Beijing and Shanghai, more than 60 percent of respondents said they will not consider buying a home this year.

Yao said the survey questionnaire was sent by mail to 100,000 families in 300 counties nationwide among the mainland's 31 provincial-level regions. Nearly 88 percent of those sent the survey returned an answered survey.

In 2009, the per-capita disposable income of urban Chinese residents was 17,175 yuan, up 8.8 percent from a year earlier, NBS figures show.

Per-capita disposable income of rural residents stood at 5,153 yuan last year, up 8.2 percent from a year earlier.