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China's resident nominal disposable income up 12.6% in H1

Updated: Jul 15,2021 10:21 AM    Xinhua

BEIJING — China's per capita disposable income stood at 17,642 yuan (about $2,731) in the first half of the year, up 12.6 percent from the same period last year in nominal terms, official data showed on July 15.

After deducting price factors, per capita disposable income rose 12 percent year-on-year.

The higher growth rate was mainly affected by the low base in the first half of last year, according to the National Bureau of Statistics.

Separately, urban per capita disposable income came in at 24,125 yuan, up 11.4 percent in nominal terms, and 10.7 percent in real terms, while income in rural areas stood at 9,248 yuan, up 14.6 percent in nominal terms, and 14.1 percent in real terms.

Chinese per capita nominal consumer spending rose 18 percent year-on-year to 11,471 yuan in the first half of the year. After factoring in price levels, spending went up 17.4 percent year-on-year.

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