Income of residents in both urban and rural areas of the economically booming Zhejiang Province in east China continued to rise in the first three quarters of this year, while their expenses increased at a slower pace.

According to the provincial statistical bureau, urban residents saw their per capita disposable income growing 12.4 percent year-on-year to 14,131 yuan (1,789 U.S. dollars), while rural dwellers' per capita cash income was up 10.2 percent to 6,792 yuan (860 U.S. dollars).

Between January and September, urbanites in the province spent 10,134 yuan (1,283 U.S. dollars) per capita, up 8.3 percent, and rural residents spent 4,029 yuan (510 U.S. dollars) per capita, up 7.8 percent.

The growth in urbanites' expenses went down by 5.1 percentage points from a year earlier, while spending by rural residents declined 2.5 percentage points.

In a related development, Zhejiang realized 1,099.7 billion yuan (139.2 billion U.S. dollars) in gross domestic product (GDP) in the nine-month period, up 13.9 percent year-on-year, the local statistical bureau said.

The growth was 1.8 percentage points higher than the year-earlier level, the bureau added.

Source: Xinhua