China’s dis­pos­able in­come grows 8%

China Daily (Canada) - - FRONT PAGE - By LI YANG in Shang­hai liyang@chi­

China’s av­er­age per capita dis­pos­able in­come last year was 20,167 yuan ($3,361), up 8 per­cent year-on-year af­ter the price hike is de­ducted, and markedly higher than the coun­try’s GDP growth at 7.4 per­cent, said the Na­tional Bureau of Statis­tics.

Farm­ers’ an­nual per­sonal dis­pos­able in­come in­creased by 9.2 per­cent year-on-year to 10,489 yuan, faster than the na­tional av­er­age rate of growth.

Shang­hai’s an­nual per capita dis­pos­able rev­enue last year, 47,710 yuan, was the high­est in China, fol­lowed by Bei­jing at 43,910 yuan.

Shang­hai, Bei­jing, Zhe­jiang, Jiangsu, Guang­dong, Tian­jin, Fu­jian, Shan­dong and Liaon­ing are the nine pro­vin­cial re­gions whose av­er­age per­sonal dis­pos­able in­comes are above the na­tional av­er­age level.

The re­gional in­come gap is still large. In west­ern Gansu prov­ince, an ur­ban res­i­dent’s av­er­age an­nual per­sonal in­come was 20,804 yuan, the low­est in China. Lo­cal farm­ers’ per­sonal net in­come last year was only 5,736 yuan, or about $2.62 a day, slightly above the $2 poverty line drawn by the World Bank.

Ac­cord­ing to the bureau, the na­tional per­sonal av­er­age con­sump­tion last year was 14,491 yuan, up 7.5 per­cent. An ur­ban res­i­dent’s per­sonal an­nual spend­ing was 19,968 yuan, up 5.8 per­cent, and a ru­ral res­i­dent’s per­sonal av­er­age con­sump­tion was 8,383 yuan, up 10 per­cent.

Of the 36 prov­inces on the Chi­nese main­land, 19 in­creased their min­i­mum wage stan­dards. But the av­er­age amount of their in­crease — 14.1 per­cent — was lower than that of the pre­vi­ous three years. The yearon-year min­i­mum wage hikes in 2011, 2012 and 2013 were 22 per­cent, 20.2 per­cent and 17 per­cent, re­spec­tively.

Shang­hai has the high­est monthly min­i­mum wage stan­dard and hour pay­ment stan­dard of 1,820 yuan and 17 yuan, re­spec­tively.

Liu Xuemin, a re­searcher at the Min­istry of Hu­man Re­sources and So­cial Se­cu­rity, said: “The in­come gap be­tween the eastern and west­ern re­gions can be abridged grad­u­ally as some la­bor-in­ten­sive in­dus­tries re­lo­cate to the in­land ar­eas from the coastal re­gions.

“If la­bor­ers’ pay rises along with the in­crease in pro­duc­tiv­ity, the salary’s growth is sus­tain­able, and the gov­ern­ment should in­crease la­bor’s share in the pri­mary dis­tri­bu­tion of na­tional wealth to en­sure la­bor­ers’ in­come through topde­sign poli­cies.”

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