China’s per capital disposable income stood at 17,642 yuan in the first half of the year, up 12.6 percent from the same period last year in nominal terms, official data showed. After deducting price factors, per capital disposable income rose 12 percent year on year.
The higher growth rate was mainly affected by the low base in the first half of last year.
Separately, urban per capital disposable income came in at 24,125 yuan, up 11.4 percent in nominal terms, and 10.7 percent in real terms, while income in rural areas stood at 9,248 yuan, up 14.6 percent in nominal terms, and 14.1 percent in real terms.
Chinese per capital nominal consumer spending rose 18 percent year on year to 11,471 yuan in the first half of the year. After factoring in price levels, spending went up 17.4 percent year on year.
Besides Shanghai and Beijing, seven other provinces and municipalities, including Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, Chongqing and Hubei, have all registered higher consumer spending than the national average.
In the first half of the year, per capital expenditure on food, tobacco and alcohol was 3,536 yuan, accounting for the largest proportion at 30.8% of the national per capital consumption expenditures.
Per capital living consumption in the first half of the year was 2,649 yuan, accounting for 23.1% of the per capital consumption expenditure, second to that of food, tobacco and alcohol.
Spending on education, culture and entertainment remained the fastest-growing area in per capital expenditures, with an increase of 68.5 percent year-on-year, far more than other sectors.
Post time: Jul-30-2021