Latest News:  

English>>Business

6 regions’ per capita GDP above $10,000 (2)

By Chen Yang (Global Times)

11:03, January 31, 2013

"But the region's per capita disposable income is still lower than other developed provinces," he said.

In 2012, the per capita disposable income of urban residents reached 23,150 yuan ($3,716) in Inner Mongolia, lower than the figure of 34,550 yuan in Zhejiang and 29,677 yuan in Jiangsu, data from local statistics departments showed.

Experts said China's developed regions also lag behind their Western counterparts in terms of the structure of their industries and income distribution.

"In China, residents' disposable income accounts for a small share of GDP, which means people don't enjoy many benefits from the rapid GDP growth," Tang said.

"Instead of per capita GDP, other indicators such as per capita disposable income and the Gini coefficient, a gauge of the gap between the rich and the poor, are more useful in terms of reflecting people's happiness," he said.

Wang Susheng, a deputy to the Guangdong Provincial People's Congress, suggested that the Gini coefficient should be taken into the evaluation system of local authorities' performance, which is usually focused on GDP growth.

"The local government should make efforts to bring down the Gini coefficient year by year," the Yangcheng Evening News, a Guangzhou-based newspaper, quoted him as saying Monday.

As of Tuesday, only Northeast China's Heilongjiang Province had not released its economic data for 2012. Besides the top six areas, local per capita GDP data in the rest of the municipalities, provinces and regions ranged between $3,147 and $9,126 last year, which is equivalent to middle-income economies, according to the World Bank's standards.

Tang said China should avoid the so-called middle income trap, which refers to developing countries stagnating after reaching middle-income status.

"The key to avoiding the trap is further reforms to the income distribution system, which should focus more on fairness and equality rather than efficiency," he said.

In terms of GDP value, export-oriented Guangdong Province ranked at the top with 5.7 trillion yuan recorded in 2012, followed by Jiangsu and Shandong provinces. It was the 24th consecutive year the southern province grabbed the top position.

【1】 【2】

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. "Red Army" division conducts winter training

  2. Navy's shore-based missile regiment

  3. 3rd Qatar Int'l Auto Show kicks off

  4. So sleepy on way home

  5. Stay on duty in suffocating air

  6. Spring Festival travel rush continues

  7. Enjoy the Qinhuai river lantern show

  8. Chinese artists learn by copying old masters

  9. HK stocks up 0.71%, highest over 21 months

  10. Blackberry maker changes name

Most Popular

Opinions

  1. Pollution prompts concern
  2. System needed to help patients
  3. China's reliance on oil-gas imports growing
  4. China needs strategic balance in Asia-Pacific
  5. Frugal wining and dining
  6. More breathing space
  7. Why officialdom literature still sells
  8. "Sunny outlook" expected for Chinese economy
  9. Tackle challenges in farming sector
  10. Cities should keep memories of yesterday

What’s happening in China

Homecoming interrogations trouble young Chinese

  1. Homecoming interrogations trouble young Chinese
  2. Paralyzed patient given free medical care
  3. Lawmaker calls for caning to punish male criminals
  4. Netizens demand cleaner sky
  5. Unclaimed train tickets back on sale