Urbanite's wallets fattening faster than China's GDP

BEIJING, Nov. 20 (Xinhua) -- As GDP growth slows down in the world's second-largest economy, Chinese urban residents are enjoying rising disposable income, official data has showed.

Figures released by provincial statistics bureaus over the past few days have showed that 28 out of 31 provincial-level regions on the mainland saw faster growth of per capita disposable income in urban areas than GDP expansion in each region in the first three quarters.

Urbanites in northwestern China's Gansu Province enjoyed the fastest disposable income increase of 14.69 percent in this period, 1.39 percentage points faster than the province's GDP growth.

Gansu's neighboring Qinghai Province, and northern Inner Mongolia Autonomous Region ranked second and the third in terms of income growth rate.

The income rises in 24 regions ran faster than the average rate nationwide.

According to data released by the National Bureau of Statistics in October, per capita disposable income in urban areas reached 18,427 yuan (2,930 U.S. dollars) in the first three quarters across China, up 9.8 percent year on year after adjustment to inflation.

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