(Economic Observation) Economic recovery drives Chinese people's wallets to "recover vitality"
China News Service, Beijing, October 22 (Reporter Wang Enbo) Affected by the epidemic, the per capita disposable income of Chinese residents has experienced a rare decline this year.
However, as China's economy continues to pick up, people's wallets are gradually "recovering vitality."
Data map: The food on the night market has attracted many citizens.
Photo by China News Agency reporter Wang Dongming
The National Bureau of Statistics announced that in the first three quarters, the per capita disposable income of Chinese residents was 23,781 yuan (renminbi, the same below), a nominal increase of 3.9% year-on-year, and an actual increase of 0.6% after deducting price factors. It turned positive for the first time during the year and fell by 1.3% in the first half of the year.
At the local level, a reporter from China News Agency checked official data and found that the per capita disposable income of residents in the first three quarters of nine places was higher than the national level: Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu, Guangdong, Fujian, Shandong, and Liaoning.
Among them, Shanghai ranked first at 54,126 yuan, followed by Beijing at 51,772 yuan, both entering the "50,000 yuan club."
Zhejiang ranked third at 40,121 yuan, followed by all places below the 40,000 mark.
The per capita disposable income of residents in Hubei, which was hardest hit by the epidemic, was 19,454 yuan in the first three quarters, ranking 19th in the country.
According to the Hubei Provincial Bureau of Statistics, in the first three quarters, the per capita disposable income of urban and rural residents in the province was 26,337 yuan and 10,542 yuan, a year-on-year decrease of 6.3% and 4.5%, respectively. The rate of decline was narrowed by 3.8 and 4.3 respectively compared with the first half of the year. Percentage points.
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The first thing that has led to the gradual increase in the wallets of the Chinese people is the steady rise in wages.
In the first three quarters, the per capita wage income of Chinese residents was 13,486 yuan, an increase of 3.6%, an increase of 1.1 percentage points over the first half of the year, driving the national per capita disposable income to increase by 2.0 percentage points.
Fang Xiaodan, director of the Household Survey Office of the National Bureau of Statistics, pointed out that this benefited from the continuous implementation of the policy of ensuring residents' employment.
All localities fully implemented the employment priority policy, strengthened employment stabilization measures, and further increased the burden of reducing the burden and stabilizing employment expansion. Various policies such as social security reduction and exemption and stabilization return have been effective. The employment situation across the country is generally stable. The unemployment rate in urban surveys has dropped. The number of migrant workers continued to rise from the previous month.
At the same time, in the first three quarters, the per capita net income of Chinese residents was 4,525 yuan, an increase of 8.9%, which was 0.7 and 1.7 percentage points faster than the first half and the same period of last year respectively, driving the national per capita disposable income to increase by 1.6 percentage points.
According to Fang Xiaodan, all localities continue to increase their basic livelihood protection, raise the pension and retirement pension standards, promptly activate the price subsidy linkage mechanism, continue to raise the urban and rural subsistence allowances, social relief and other security standards, and strengthen the basic living security of the needy groups. People who are in trouble due to the epidemic and illness are included in the scope of assistance.
The accelerated growth of per capita net transfer income has played an important role in ensuring the basic livelihood of the people.
Data map: People buy goods in a supermarket.
Photo by China News Agency reporter Liu Zhongjun
People's wallets are gradually "recovering vitality", and consumption that has been significantly suppressed by the epidemic also rebounds.
In the first three quarters, the per capita consumption expenditure of Chinese residents was 14,923 yuan, a nominal drop of 3.5% over the same period of the previous year. After deducting price factors, the actual drop was 6.6%. The nominal and actual declines were 2.4 and 2.7 percentage points lower than the first half of the year.
Residents of Shanghai, Beijing and Zhejiang who are the most profitable are also the most active in spending money.
In the first three quarters, the per capita consumption expenditure of Shanghai residents was 30,695 yuan, Beijing was 27,944 yuan, and Zhejiang was 22,962 yuan.
Tianjin, Guangdong, Jiangsu, Fujian, and Chongqing are also higher than the national level.
It is worth mentioning that under the conditions of normalized epidemic prevention and control, relevant parties have introduced a series of policies and measures to promote the rapid development of new consumption and activate the potential of new consumption, which has effectively promoted the replenishment of household consumption.
In the first three quarters, the Internet and various consumer formats have been deeply integrated, and live broadcasts have continued to prosper. The number of Chinese residents purchasing goods and services through the Internet has increased significantly, and the per capita postage expenditure has increased by 8.5%.
The epidemic has also increased residents' health consumption needs. In the first three quarters, Chinese residents' per capita spending on medical alcohol, masks and other medical and sanitary equipment increased by 2.7 times, per capita spending on washing and sanitary products increased by 13.7%, and per capita spending on fitness equipment increased by 10.6%.
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