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China's resident nominal disposable income up 4.7% in H1

Economy

China's per capita disposable income stood at 18,463 yuan (about 2,735 U.S. dollars) in the first half of 2022, up 4.7 percent year on year in nominal terms, data from the National Bureau of Statistics showed Friday.

XinhuaUpdated:  July 15, 2022
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China's per capita disposable income stood at 18,463 yuan (about 2,735 U.S. dollars) in the first half of 2022, up 4.7 percent year on year in nominal terms, data from the National Bureau of Statistics showed Friday.

After deducting price factors, per capita disposable income rose 3 percent from the previous year.

Separately, urban per capita disposable income came in at 25,003 yuan, up 3.6 percent in nominal terms and 1.9 percent in real terms, while per capita income in rural areas stood at 9,787 yuan, up 5.8 percent in nominal terms and 4.2 percent in real terms.

Friday's data also showed that China's gross domestic product expanded 2.5 percent year on year in the first half.