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Home >> Business
UPDATED: 13:57, November 02, 2005
Guangzhou leads Chinese cities in personal income
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Per capita personal income reached 10,990 yuan (about 1,300 US dollars) in Guangzhou, capital of south China's Guangdong Province, in the first half of this year, topping other major Chinese cities, the latest statistics have shown.

Guangzhou's per capita personal income for urbanites was the highest compared with that of Beijing, Shanghai, Tianjin and Chongqing municipalities, and is 383 yuan more than that of Shanghai, which ranked second among the five cities, according to a survey conducted by the Guangzhou City Survey Team, which was published Tuesday.

However, the per capita disposable income was 9,521 yuan in Guangzhou, 135 yuan less than Shanghai, but still rose by seven percent over last year's same period, the survey said.

Beijing's per capita disposable income was 8,845 yuan, up 2.9 percent year on year, Tianjin registered 6,189 yuan, up 13 percent, and Chongqing posted 5,283 yuan, up 11 percent.

The survey revealed that private businesses income contributed a lot to the increase of the per capita personal income in Guangzhou in the first six months, thanks to the city government's policy to support the development of private businesses. Many private businesses proved to be profitable.

Wages income increased slowly in the first half of the year, with the per capita wages income standing at 8,490 yuan (about 1,000 US dollars) in Guangzhou, a year on year rise of 4.8 percent, but 8.2 percentage points lower than the growth rate for last year's same period.

Source: Xinhua

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