Chinese people's disposable income surges 60 times in past 70 years
Share - WeChat
BEIJING - Chinese residents saw their per capita disposable income surge by nearly 60 times during the past seven decades thanks to the country's steady economic expansion.
The per capita disposable income stood at about 49.7 yuan in 1949, and topped 28,200 yuan ($4,030) in 2018, registering a growth of over 59 times factoring in inflation, a report from the National Bureau of Statistics (NBS) showed.
The steady income growth also led to continuous increases in consumption spending. Chinese residents' per capita consumption spending surged from 88.2 yuan in 1956 to 19,853 yuan in 2018, growing 28.5 times in real terms, NBS data showed.
Related Stories
- Asia's second gene-edited pig kidney patient celebrates 52nd birthday
- Mainland spokesman criticizes DPP for 'never abandoning' its separatist agenda
- Chinese researchers design fresh strategy to boost solar cell performance
- China successfully launches new communication technology test satellite
- Plan to widen public services access
- Rights of over-age workers protected
































