Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Shanghai's per capita disposable income nears 59,000 yuan, highest in China

February 26, 2018


Abstract : China's financial hub Shanghai outperformed other provincial regions in per capita disposable income last year, official data showed.

上海

BEIJING, Feb. 25 (Xinhua) -- China's financial hub Shanghai outperformed other provincial regions in per capita disposable income last year, official data showed.

Average per capita disposable income in Shanghai reached about 59,000 yuan (9,316 U.S. dollars) last year, the highest among China's 31 provincial level regions, followed by Beijing and Zhejiang, according to the National Bureau of Statistics.

China's average per capita disposable income stood at 25,974 yuan last year, which rose 7.3 percent year on year, faster than GDP growth, NBS data showed.

A total of ten provincial level regions outperformed the national average including Jiangsu, Guangdong, Fujian, Liaoning and Inner Mongolia.

Shanghai and Beijing also overtook their peers in purchasing power, with residents spending about 39,791 yuan and 37,425 yuan on average, respectively, last year.

Strong income growth and lifestyle changes in past years have helped China's consumer spending amid government efforts to shift the economy toward a growth model with more emphasis on consumption, the service sector and innovation.

Scan the QR code and push it to your mobile phone

Keyword: China-economy Shanghai-economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial