China reports income increase for urban, rural residents in 1H
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The income of China's urban and rural residents continued to increase in the first half of the year, data from the National Bureau of Statistics (NBS) showed Thursday.
In the first half of this year, the per capita total income of urban households was 10,699 yuan. Of this total, the per capita disposable income of urban population was 9,757 yuan (1,428.55 U.S. dollars), a year-on-year growth of 10.2 percent, or a real growth of 7.5 after deducting price factors.
Of the per capita total income of urban households, the year-on-year growth of wage income was 9.7 percent; transferred income 13.2 percent; net income from business operation 8.6 percent; and 20.7 percent from property income.
The per capita cash income of rural population was 3,078 yuan, up by 12.6 percent year-on-year, or 9.5 percent growth in real terms. Of this total, the growth of wage income was 18.0 percent; household business operating income 8.0 percent; property income 21.3 percent; and 18.6 percent from transferred income.
In the first half of this year, the per capita consumption expenditure for urban population increased by 7.2 percent in real terms and the per capita consumption expenditure in cash for rural population grew by 8.5 percent after deducting the price factor.
