BUSINESS Shanghai's disposable income, consumer spending highest in China

BUSINESS

Shanghai's disposable income, consumer spending highest in China

Ecns.cn

17:53, May 09, 2019

Shanghai, China's economic powerhouse, took the national lead in both average per capita disposable income and per capita consumer spending in the first quarter, some 18,704 yuan ($2,750) and 11,677 yuan ($1,717), respectively.

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File photos: VCG

Shanghai Bureau of Statistics said economic growth and stable employment have benefited growth in the income of residents.

Data from National Bureau of Statistics shows Beijing and Zhejiang ranked second and third among 31 provincial-level regions after Shanghai for per capita disposable income.

China had seven regions with per capita disposable income surpassing 10,000 yuan – Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong and Fujian. 

Average per capita consumer spending in China was 5,538 yuan, up 5.4 percent year-on-year after adjusting for inflation. Residents of Shanghai, Beijing, Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, Hubei and Chongqing spent more than the national average.

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