China's resident nominal disposable income up 2.4 pct in H1

2020-07-16 10:26:47Xinhua Editor : Li Yan ECNS App Download

China's per capita disposable income stood at 15,666 yuan (about 2,241 U.S. dollars) in the first half of the year, up 2.4 percent from the same period last year in nominal terms, official data showed Thursday.

After deducting price factors, per capita disposable income fell 1.3 percent year on year, according to the National Bureau of Statistics.

Separately, urban per capita disposable income came in at 21,655 yuan, up 1.5 percent in nominal terms and down 2 percent in real terms, while income in rural areas stood at 8,069 yuan, up 3.7 percent in nominal terms and down 1 percent in real terms.

Thursday's data also showed Chinese per capita nominal consumer spending fell 5.9 percent year on year to 9,718 yuan in the first half of the year. After factoring in price levels, spending went down 9.3 percent year on year as the novel coronavirus outbreak dented demand.

China's gross domestic product (GDP) expanded 3.2 percent year on year in the second quarter of 2020.

In the first half of this year, the country's GDP stood at 45.66 trillion yuan amid COVID-19 impact, down 1.6 percent year on year, according to NBS data. 


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