Urban Disposable Income CNY 12,509 per Capita in 12H1, up 13.3% YoY

Source: National Bureau of Statistics, ChinaScope Financial (Data)

+       According to data released by the National Bureau of Statistics (NBS) on July 13, urban per capita income was CNY 13,679 in 12H1 while urban per capita disposable income was CNY 12,509, up 13.3% year-on-year. The per capita cash income of rural residents was CNY 4,303, up 16.1% year-on-year.

+       For urban residents, per capita wage was up 13.0% year-on-year, per capita government transfer income was up 13.4% year-on-year, per capita income from business operations were up 14.4% year-on-year, and per capita asset generated income was up 14.2% year-on-year.

Despite slow-down in the macroeconomic environment, the growth rate of disposable income and salary remains steady.

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