Beijing and Shanghai See Average Disposable Incomes Exceed $4,400 in First Half
The latest official data indicates that average disposable incomes in the Chinese mega-cities of Beijing and Shanghai have breached the 30,000 yuan (approx. USD$4430) threshold.
Data released by the National Bureau of Statistics on 16 July indicates that in the first half of 2018 China’s nationwide per capita disposable income was 14,063 yuan, for nominal year-on-year growth of 8.7% and inflation adjusted growth of 6.6%.
Shanghai and Beijing topped 31 Chinese province-level entities in terms of per capita disposable incomes, at 32,612 yuan and 31,079 yuan respectively.
China’s per capita consumption expenditures in the first half were 9,609 yuan, for nominal YoY growth of 8.8% and inflation adjusted growth of 6.7%.
Per capita disposable incomes and consumption expenditures for 31 Chinese province-level entities in H1 2018
|Province||Per capita disposable incomes (yuan)||Per capita consumption expenditures (yuan)|