Guangdong disposable income breaks RMB20,000

Per-capita disposable income of Guangdong residents climbed to RMB20,322 in the first half of the year, representing a nominal growth of 8.6% or 6.0% in real terms (after inflation) from the same period last year. The nominal growth rate was the same YoY but 0.1 percentage point higher than the previous quarter. 

According to official data, urban residents had an average of RMB25,161 to spend, up 8.3% YoY, while rural residents had RMB9,645, up 8.7% YoY. The growth rate in rural areas was 0.4 percentage points higher than the urban areas.

The province’s consumer price index (CPI) rose by 2.5% YoY in the same period, up 0.5 percentage points. Food, tobacco and alcohol was the impetus, rising 4.2%.Read more in Chinese. 

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