Economy > Economic Data

China's resident nominal disposable income up 0.8 pct

Xinhua News,BEIJING
2020-04-17 11:43

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BEIJING, April 17 (Xinhua) -- China's per capita disposable income stood at 8,561 yuan (about 1,211 U.S. dollars) in the first quarter, up 0.8 percent year on year in nominal terms, official data showed Friday.

After deducting price factors, per capita disposable income fell 3.9 percent year on year, according to the National Bureau of Statistics (NBS).

Separately, urban per capita disposable income came in at 11,691 yuan, up 0.5 percent in nominal terms and down 3.9 percent in real terms, while income in rural areas stood at 4,641 yuan, up 0.9 percent in nominal terms and down 4.7 percent in real terms.

Friday's data also showed Chinese per capita nominal consumer spending fell 8.2 percent year on year to 5,082 yuan in the first quarter. After factoring in price levels, spending went down 12.5 percent year on year as the novel coronavirus outbreak dented demand.

China's gross domestic product stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year.
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