Beijing Urban Household Assets See Rapid Growth

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Last updated at: (Beijing Time) Monday, March 17, 2003

Beijing Urban Household Assets See Rapid Growth

The assets of Beijing's urban households have risen in value to 57,300 US dollars each on average, six times more than just six years ago.

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The assets of Beijing's urban households have risen in value to 57,300 US dollars each on average, six times more than just six years ago.

The figure emerged from a survey of 860 urban households conducted by the municipal statistics bureau, the Beijing Science and Technology News reported recently.

The survey also showed that the household property of a typical high-income family was worth more than 120,000 US dollars, more than seven times that of an average low-income family, worth about 16,600 US dollars.

The household property surveyed comprised both financial and tangible assets.

Statistics showed that financial assets averaged around 15,600 US dollars per household, of which two-thirds were bank deposits; while tangible assets accounted for 41,300 US dollars, of which about 90 percent were real estate.

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