Zhejiang's per-capita income ranks 3rd during first 3Qs
The National Bureau of Statistics recently published the disposable income per capita of residents in 31 provinces across the nation in the first three quarters of the year. Zhejiang province ranked third, with its residents' disposable income per capita reaching 38,546 yuan ($5,456) during the period.
The nation's average disposable income per capita was 22,882 yuan, up 8.8 percent year-on-year, or 6.1 percent in real terms, after adjusting for inflation.
Nine provinces and municipalities surpassed the national average – Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu, Guangdong, Fujian, Shandong and Liaoning.
Shanghai and Beijing were far ahead, with their per capita disposable incomes breaking 50,000 yuan each during the first three quarters. The remaining seven provinces and municipalities had between 30,000 to 40,000 yuan.
In terms of per capita consumption, Shanghai and Beijing also ranked the highest, while the aforementioned nine provinces and municipalities all surpassed the national average of 15,464 yuan.