China's State Council Information Office held a press conference on a white paper that documents China's journey to moderate prosperity in all respects, or Xiaokang in Chinese. Taking a question from China Media Group (CMG) about people's welfare, the conference introduced that China's per capita disposable income grew to 32,189 yuan (about $4,975.50) in 2020 from 171 yuan ($26.5) in 1978, improving people's quality of life significantly.