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Beijing urbanites earning more, spending more
(Xinhua)
Updated: 2005-10-29 10:15 Per-capita disposable income
for Beijing's urban residents surged by 12.5 percent year on year to reach
13,166.8 yuan (approximately 1,600 US dollars) in the first three quarters this
year, the latest statistics have shown.
Figures from the municipal statistics bureau show that the per capita salary
reached 10,160.2 yuan (some 1,254 dollars) in the three-quarter period, up 17.6
percent over last year's same period, and accounting for 69.9 percent of
household's total earnings.
With income rising, Beijingers have spent more on food, clothing,
telecommunications, medical care, household durable goods, education and
cultural activities. The per capita expenses grew by eight percent year on year
to reach 9,824.6 yuan (about 1,200 US dollars) in the first nine months.
Meanwhile, spending on housing dropped by 7.1 percent year on year owing to a
cut in growth speed for expenses in housing purchase or home construction.
But per capital personal income taxes rose 28.3 percent year on year to reach
211.5 yuan (26.1 US dollars) in the three-quarter period.
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