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China’s per capita disposable income up 9.0 percent in 2017

(People's Daily Online)    14:32, February 24, 2018

China’s per capita disposable income surged 9.0 percent year on year in 2017, according to the National Bureau of Statistics, China News reported on Feb. 24.

China’s per capita disposable income stood at 25,974 yuan ($4,102.4) in 2017, up 7.3 percent in real terms after deducting price factors, the bureau said.

Per capita disposable income of 10 provinces and regions in China exceeded the national level last year, including Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu, Guangdong, Fujian, Liaoning, Shandong and Inner Mongolia.

Shanghai topped the list by 58,987.96 yuan, followed by Beijing and Zhejiang of 57,229.83 yuan and 42,045.69 yuan, respectively.

Higher income is often accompanied by higher consumption level. Data from the bureau revealed that per capita consumption expenditure of Shanghai and Beijing also topped the national list by 39791.85 yuan and 37,425.34 yuan.

In addition, it is noticeable that Chinese residents’ per capita disposable income growth in 2017 surpassed the country’s economic growth, 1.0 percentage point higher than the per capita GDP growth during the period.

Su Hainan, vice president of the China Association for Labor Studies pointed out that the growth is attributed to China’s stable economic growth and enhanced supervision on income distribution system.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Bianji, Hongyu)

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