Urban disposable incomes outpace prices
Updated: 2012-07-31 09:50
(Xinhua)
|
|||||||||
BEIJING -- The disposable incomes of most urban Chinese citizens grew faster than the Consumer Price Index in the first half of the year, according to statistics from 28 provincial-level administrative regions.
Among the country's 34 provincial-level administrative regions, 28 have released their data on the combined urban per capita disposable income in the January-June period, and all saw disposable income grow by at least 10 percent year-on-year, Beijing-based Jinghua Times reported Monday.
The same period witnessed a CPI increase of less than 5 percent in each of the 28 regions, said the newspaper.
A total of 17 provincial-level regions saw per capita income growth rates higher than or equal to the nationwide average of 13.3 percent, with the northwestern Ningxia Hui autonomous region vying for the quickest growth, at 14.4 percent.
China's average urban per capita disposable income totaled 12,509 yuan ($1,960) in the first half, according to the National Bureau of Statistics. Seven provincial-level cities and regions came in above the national average, with Shanghai topping the list at 20,689 yuan.
Analysts said this year's upward adjustments on minimum wages and reduced tax burdens for small enterprises will continue to drive up residents' disposable incomes, though the effect will be limited.
The government vowed last week to step up structural tax reform in the second half for a more stabilized economy and a better life for the people. The reform includes expanding a pilot reform of replacing turnover tax with value-added tax to 10 more provinces and cities from Aug 1.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |