ZCZC
BCN-23
CHINA-RESIDENT-INCOME
China’s resident income up 6.6 pct in H1
BEIJING, July 16, 2018 (BSS/Xinhua) – China’s average per capita disposable
income grew 6.6 percent year on year in real terms to 14,063 yuan (about
2,107 U.S. dollars) in the first half of 2018, official data showed Monday.
The growth was calculated after taking into consideration the effects of
inflation, according to the National Bureau of Statistics (NBS). The nominal
growth in resident income was 8.7 percent in the first six months.
NBS data also showed China’s gross domestic product (GDP) expanded 6.8
percent year on year in the first half of 2018.
In the second quarter, GDP rose 6.7 percent, slightly lower than the 6.8
percent in the first quarter but is well above the government’s annual growth
target of around 6.5 percent.
During the January-June period, the real growth of per capita disposable
income in rural areas was faster than that in urban regions, indicating
narrowing of the urban-rural income gap, according to NBS data.
The average per capita disposable income for rural residents reached 7,142
yuan from January to June, up 6.8 percent after deducting price factors,
while that of urban residents increased 5.8 percent in real terms to 19,770
yuan.
Some 180.22 million rural laborers were working outside their hometowns as
of the end of June, up by 0.8 percent compared with one year earlier.
China aims to double the per capita income of its urban and rural residents
by 2020 from the 2010 levels, to build a moderately prosperous society.
BSS/XINHUA/HR/1325