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.
Two sessions to set bold economic vision
As thousands of China’s top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift the country to new milestones in the next 15 years: a modern socialist power with world-leading national strength and global influence.
The annual legislative and political consultative sessions are usually a window into policy agenda and various economic and social development targets for the year. But coming at a crucial inflection point, as the country transitions into a new five-year plan and longer development visions, this year’s meeting will also provide a clear direction and blueprint of where the world’s second-largest economy is headed, following decades of rapid growth and mounting internal and external risks. That would follow a precedence set in 2020, when China did not
As thousands of China s top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift the country to new milestones in the next 15 years: a modern socialist power with world-leading national strength and global influence.
The annual legislative and political consultative sessions are usually a window into policy agenda and various economic and social development targets for the year. But coming at a crucial inflection point, as the country transitions into a new five-year plan and longer development visions, this year s meeting will also provide a clear direction and blueprint of where the world s second-largest economy is headed, following decades of rapid growth and mounting internal and external risks. That would follow a precedence set in 2020, when China did not set a specific target for the first time
Two sessions to set bold economic vision for China thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
As thousands of China s top legislators and political advisors prepare to convene in Beijing later this week for the annual two sessions, they are tasked to review and discuss various policy priorities and sweeping development plans designed to further lift the country to new milestones in the next 15 years: a modern socialist power with world-leading national strength and global influence.