New income data script stronger second-half consumption outlook By ZHANG YUE | CHINA DAILY | Updated: 2021-07-21 09:13 Share CLOSE A shopper looks at goods at a supermarket in Hefei, Anhui province. CHEN SANHU/FOR CHINA DAILY
With China s per capita disposable income rising, stronger consumption in the second half of this year could catalyze higher economic growth, experts said.
On Monday, China s National Bureau of Statistics released its revised first-half statistics of per capita disposable income.
Revised NBS data showed Shanghai s first-half per capita disposable income topped the national list, reaching 40,357 yuan ($6,219), Xinhua News Agency reported on Monday. As it transpired, Shanghai was the only region that saw its per capita disposable income exceed 40,000 yuan.
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2021-01-20 02:42:41 GMT2021-01-20 10:42:41(Beijing Time) Xinhua English
E-commerce livestreamers promote navel oranges at an orange plantation in Leigutai Village of Guojiaba Township in Zigui County, central China's Hubei Province, Dec. 4, 2020. (Photo by Wang Gang/Xinhua)
China s per capita disposable income reached 32,189 yuan (about 4,961 U.S. dollars) in 2020, more than double the level in 2010, official data showed Tuesday.
The figure represents a 2.1-percent year-on-year increase in real terms after deducting price factors, said Fang Xiaodan, an official with the National Bureau of Statistics.
During the last 10 years, the cumulative growth of per capita disposable income in the country in real terms stood at 100.8 percent, according to Fang.