Latest News:  
Beijing   Overcast/Light rain    14 / 9   City Forecast

Home>>China Business

Income gap between urban, rural residents continues to narrow


15:43, November 05, 2011

BEIJING, Nov. 4 (Xinhua) -- The income gap between rural and urban residents has continued to narrow, as income growth for rural residents outpaced that of urban dwellers during the first three quarters, an official said Friday.

The income growth rate of rural residents was 5.8 percentage points higher than that of urban dwellers during the first nine months, said Song Hongyuan, director of the Research Center for Rural Economics under the Ministry of Agriculture.

The growth of rural residents' per capita cash income hit 20.7 percent to reach 5,875 yuan (926.66 U.S. dollars). The actual growth after factoring in price adjustments was 13.6 percent, according to a report issued by the research center on Friday.

During the past three quarters, urban and rural residents' per capita disposable income reached 16,301 yuan, up 13.7 percent year-on-year. After deducting inflation, actual growth was 7.8 percent, the report said.

However, a combination of factors will restrict farmers from making more money, including high inflation, rising agricultural production costs and fewer job opportunities, Song said.

  We Recommend  


Leave your comment0 comments

  1. Name


Selections for you

  1. IMF to get financial boost

  2. Kungfu fireman competes in games

  3. Fans perform at 6th Peking Opera Festival

  4. Trapped miners rescued after China coal mine accident kills 8

Most Popular


  1. Future looks bright for China's bond market
  2. Online rumors dangerous to social order
  3. Widespread diesel crisis unlikely for China
  4. China braces itself for population aging
  5. China's aid to Pakistan shows true friendship
  6. China's securities industry pushed to diversify
  7. Experts weigh in on China's economy
  8. WTO sides with China in EU anti-dumping dispute
  9. US has no stomach for S. China Sea military clash
  10. 7 billion mark no cause for alarm

What's happening in China

Nation to prohibit regular lightbulbs in five years

  1. China's watchdog tests J&J baby shampoo
  2. Calls to boost nursing care for the elderly
  3. Credibility of Chinese organic food crippled
  4. Baby arouses concerns over hospital management
  5. More female officers hired to boost image

PD Online Data

  1. Tangerines and oranges
  2. Dried persimmon cake
  3. Guangdong candy
  4. Tangyuan
  5. What do Chinese eat during the Spring Festival?