China-Singapore Jingwei client, July 19 (Xiong Siyi) A few days ago, the National Bureau of Statistics announced that the per capita disposable income of 31 provinces in the first half of 2020 showed that the per capita disposable income of Shanghai and Beijing exceeded 34,000, and another eight provinces in the first half of the year The per capita disposable income exceeds the national average.
Per capita disposable income in Beijing and Shanghai exceeds 34,000
According to data from the National Bureau of Statistics, in the first half of 2020, Shanghai residents are proud of the country with a disposable income of 36,600 yuan per capita, and Shanghai is firmly seated as the most profitable region. Beijing followed closely, with a per capita disposable income of 34,600 yuan in the first half of the year. In fact, Shanghai and Beijing were the only members of the "30,000-dollar club" with per capita disposable income in the first half of the year.
The four provinces of Zhejiang, Jiangsu, Tianjin, and Guangdong all belong to the "20,000 yuan club", and the per capita disposable income in the first half of the year was 27,000 yuan, 22,100 yuan, 22,100 yuan, and 20,800 yuan. In addition, there are national averages of per capita disposable income of more than 15,700 yuan in Fujian, Liaoning, Shandong and Chongqing.
It is worth mentioning that residents in Beijing and Shanghai can earn money. In the first half of the year, the per capita consumption expenditures of Shanghai and Beijing residents were 20,100 yuan and 18,600 yuan respectively, also ranking the forefront of the country. This was followed by Zhejiang, Tianjin, Guangdong, Jiangsu, Fujian, Chongqing, Hunan, and the national average of seven provinces where per capita consumption expenditure exceeded 9718 yuan.
Per capita disposable income in 19 provinces has grown faster than the whole country
According to data from the National Bureau of Statistics, in the first half of the year, the national disposable income per capita was 15,666 yuan, a nominal increase of 2.4% over the same period of the previous year, and the nominal growth rate rose by 1.6 percentage points from the first quarter. Excluding price factors, the actual decline was 1.3%, and the actual rate of decline was 2.6 percentage points lower than in the first quarter.
The Sino-Singapore Jingwei client found that in terms of nominal growth rate, the growth rate of per capita disposable income of 19 provinces in the first half of the year exceeded the national level. The Tibet Autonomous Region ranked first with a growth rate of 9.66%, and Jiangxi, Sichuan, Guizhou and Hunan provinces The nominal growth rate of resident per capita disposable income is above 5%.
In contrast, the per capita disposable income of residents in the three provinces of Hubei, Tianjin and Heilongjiang has negative growth. Among them, the per capita disposable income of residents in Hubei Province in the first half of 2020 was 12,400 yuan, a decrease of 9.42% year-on-year, but the decline was narrower than in the first quarter. The Hubei Provincial Bureau of Statistics previously stated, “In the first quarter, the epidemic has inevitably brought a certain impact on economic development, but the impact is concentrated in the short term and is generally controllable.”
Fang Xiaodan, director of the Household Survey Office of the National Bureau of Statistics, pointed out that in the first half of the year, under the influence of a series of policies and measures to stabilize employment, protect people's livelihood and promote consumption, the national income growth rate continued to rebound, and the consumption level of residents gradually recovered.
Transfer net income accelerates growth
According to different sources of income, residents' disposable income can be divided into wage income, net operating income, net property income and transfer net income. According to data provided by the National Bureau of Statistics, in the first half of the year, the national per capita wage income was 9010 yuan, accounting for a maximum of 57.5% of disposable income; the net transfer income per capita was 2938 yuan, the highest growth rate was 8.2%.
Image source: National Bureau of Statistics website
Transfer net income is the difference between transfer income and transfer expenditure. The so-called transfer income refers to various regular transfer payments to households by the state, units and social groups and the transfer of regular income between households. Including pensions or pensions, social relief and subsidies, policy production subsidies, policy life subsidies, disaster relief funds, recurrent donations and compensation, reimbursement of medical expenses, maintenance income between households. Return income, etc.
Transfer expenditure refers to the current or obligatory transfer payment of the survey household to the country, unit, household or individual. Including taxes paid, various social security expenditures, maintenance expenditures, recurring donations and compensation expenditures, and other frequent transfer expenditures.
Fang Xiaodan pointed out that in the first half of the year, the per capita net income of residents in the country increased by 8.2%, which was 1.4 percentage points higher than that in the first quarter and the same period of the previous year, driving the national per capita disposable income to grow by 1.5 percentage points. Among them, national per capita pensions and retirement pensions increased by 9.3%, per capita social relief and subsidies increased by 13.2%, and per capita policy living allowances increased by 13.1%.
The Sino-Singapore Jingwei client noted that in April this year, the Ministry of Human Resources and Social Security and the Ministry of Finance issued a document specifying that pensions will increase from January 1, 2020, and the overall adjustment level is 5% of the monthly basic pension for retirees in 2019. This means that since my country’s increase in pensions for retirees in 2005, the pensions for retirees this year will achieve 16 consecutive increases.
According to the data released by the National Development and Reform Commission spokesperson Yuan Da on July 17, this year, the National Development and Reform Commission has guided and urged all localities to implement the phased "standard expansion and encirclement" policy of temporary price subsidies, and timely and full payment of temporary price subsidies on a monthly basis. A total of 19.06 billion yuan of temporary price subsidies have been issued around the country, benefiting about 268 million people in need.
In this regard, Fang Xiaodan pointed out that in the first half of the year, the local people’s livelihood security expenditures only increased, pensions and retirement pensions were paid in full and on time, and the price linkage mechanism was started in time. In particular, governments at all levels issued price subsidies for special groups and increased temporary Relief efforts, focusing on ensuring the livelihood of groups in need, and jointly promoting the rapid growth of residents’ transfer income. Fang Xiaodan said that the accelerated growth of transferred net income will continue to play an important role in effectively protecting basic livelihood under the impact of the epidemic. (Zhongxin Jingwei APP)
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