What is the per capita disposable income in China?
One of the most extravagant online shopping festivals, Double 11, is around the corner. The National Bureau of Statistics revealed the data of per capita disposable income of Chinese residents, which shows the national average was 23,781 yuan in the first three quarters of this year, up by 0.6 percent compared with the same period last year.
Disposable income of Chinese residents experienced a 1.3-percent drop in the first half of this year, while the growth rate turned positive in the third quarter, the first time since the outbreak of the coronavirus.
Among the 31 province-level regions, per capita disposable income of nine provinces and municipalities surpassed the national level, namely Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu, Guangdong, Fujian, Shandong and Liaoning.
People of Shanghai are the richest, whose per capita disposable income stands at 54,126 yuan, about 31,000 yuan higher than the national average, while Beijing is following closely with 51,772 yuan. The two cities are the top regions in China with their per capita disposable income exceeding the 50,000 yuan mark.
South China's Guangdong Province is nearly 8,000 yuan behind Zhejiang Province and about 2,400 yuan behind Tianjin Municipality .
Aside from Beijing and Chongqing, which are inland municipalities, other eight regions are all coastal provinces and municipalities. From north to south geographically, they're Liaoning, Tianjin, Shandong, Jiangsu, Shanghai, Zhejiang, Fujian and Guangdong.
Calculated by deducting personal taxes from gross personal income, disposable income is the net income that can be used for consumption or saving.