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China's resident nominal disposable income up 5.4% in H1

Xinhua | July 15, 2024

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China's per capita disposable income stood at 20,733 yuan (about 2,907.32 U.S. dollars) in the first half of the year, up 5.4 percent year on year in nominal terms, data from the National Bureau of Statistics showed Monday.

Separately, urban per capita disposable income came in at 27,561 yuan, up 4.6 percent, while per capita income in rural areas stood at 11,272 yuan, up 6.8 percent.

In terms of income sources, per capita income from wages, net income from operations and net income from property increased by 5.8 percent, 6.4 percent and 2.1 percent, respectively, in nominal terms.

During this period, the median of nationwide per capita disposable income was 17,358 yuan -- representing nominal growth of 5.9 percent year on year.

Monday's data also showed that China's gross domestic product grew 5 percent year on year in the first half of the year.