China reports 8.6% rise in per capita disposable income in urban households

China reported per capita disposable income of 2,938 yuan in urban households in Q1, up 11.3 percent as against same period of last year. The actual growth rate is 8.6 percent in real terms. The average expenditure for consumption was 2,020 yuan, up 7.2 percent. Spending on service sectors amounted to 515 yuan, an increase of 8.6 percent.

Of urban resident's income, the per capita salary accounted for 2,160 yuan, representing 73.5 percent of their disposable income. The average net income from running business was 183 yuan, up 39.1 percent. The per capita transfer income was 732 yuan, up 15.6 percent. Of the transfer income, the retirement pension and social relief income had increased by 18.4 percent and 15.5 percent respectively. The per capita property income rose 11.3 percent to 57 yuan.

By People's Daily Online