China-Singapore Jingwei Client, July 20th (Zhang Meng) Recently, the National Bureau of Statistics released data on the per capita consumption expenditure of residents in 31 provinces in the first half of the year. Shanghai and Beijing exceeded 20,000 yuan.

Let's see where the money is spent, right?

  Per capita consumption expenditure in 9 provinces exceeds that of the whole country

  Shanghai can spend most

  In the first half of the year, the national per capita consumption expenditure of residents was 11,471 yuan, a nominal increase of 18.0% over the same period of the previous year. After deducting price factors, the actual increase was 17.4%, which was an increase of 11.0% over the first half of 2019. The two-year average growth rate was 5.4%. The average annual real growth rate is 3.2%.

  Compared with the national level, the per capita consumption of the nine provinces of Shanghai, Beijing, Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, Chongqing, and Hubei exceeds the national average.

  Specifically, the per capita consumption in Shanghai and Beijing both exceeded 20,000 yuan.

Among them, Shanghai can spend the most money, with a per capita consumption of 23,644 yuan; Beijing follows closely behind with a per capita consumption of 21,564 yuan.

  Su Jian, director of the National Economic Research Center of Peking University, told the China-Singapore Jingwei reporter that the main reason is that the per capita disposable income of Beijing and Shanghai is much higher than that of other regions.

As the two most developed cities in China, Beijing and Shanghai have a wide range of products for consumption, especially the development of a relatively complete service industry, which meets the diverse needs of residents.

  The executive dean and professor of the Institute of Digital Economy of Zhongnan University of Economics and Law also pointed out that Beijing and Shanghai, as a first-tier city, have a developed economy, a complete industrial structure, and a strong per capita consumption capacity.

 Food, tobacco and alcohol account for the highest proportion

  The fastest growing consumption of education, culture and entertainment

  Residents' consumption expenditure includes eight categories of food, tobacco and alcohol, clothing, housing, daily necessities and services, transportation and communication, education, culture and entertainment, medical care, and other supplies and services.

  Where is the money spent?

A reporter from China-Singapore Jingwei found that in the first half of the year, among the national per capita consumption expenditures, the per capita expenditure on food, tobacco and alcohol was the largest at 3536 yuan, accounting for the highest proportion at 30.8%.

In addition, the cost of living is also an important expenditure of per capita consumption. In the first half of the year, the per capita living consumption expenditure was 2,649 yuan, accounting for 23.1% of the per capita consumption expenditure, and the percentage of per capita consumption expenditure was second only to food, tobacco and alcohol.

  In terms of the growth rate of per capita consumption expenditure, education, culture and entertainment consumption has the fastest growth rate, with a growth rate of 68.5%; it is far ahead of other expenditure categories.

  Speaking of consumption trends in the second half of the year, Pan Helin believes that with the epidemic under control, China's consumption will continue to grow in the future.

One is that high-end consumption will continue to upgrade, and the other is that consumption will gradually sink.

With the improvement of the economic level, the consumption power of the vast third- and fourth-tier cities will be further released.

  Su Jian predicts that consumption recovery is expected to increase in the second half of the year. The improvement of the domestic and foreign epidemic situation and the popularization of vaccines have created conditions for further population mobility. International tourism is expected to gradually resume in the second half of the year, which will provide a better support for the recovery of consumption. In general, consumption, as the first carriage that drives the economy, can lead to better economic development. (Zhongxin Jingwei APP)