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Ecns wire

Shanghai tops nation in per capita disposable income in 2018

2019-02-20 14:51:07Ecns.cn Editor : Mo Hong'e ECNS App Download

(ECNS) - Shanghai took the national lead with its annual per capita disposable income of 64,183 yuan ($9,500) in 2018, according to data released by national and regional bureaus of statistics. 

It was followed by Beijing and Zhejiang, at 62,631 yuan and 45,840 yuan respectively.

Inland Guizhou Province topped the nation for the fastest growth, up 10.3 percent.

Beijing, Tianjin, Inner Mongolia, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong and Guangdong provinces exceeded the national average of 28,228 yuan, up 6.5 percent year on year in real terms.

The six other regions with amounts greater than the national average were Tianjin, Inner Mongolia, Jiangsu, Fujian, Shandong and Guangdong.

Many regional governments have vowed to improve growth targets for disposable income for urban and rural residents in 2019, with some faster than the local GDP growth target. 

Zheng Houcheng, chief economist at China Guoxin Asset Management Co., Ltd., said governmental measures to boost consumption, for goods such as automobiles and household appliances, were expected to counter any downward pressure.

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