Below is the chart of annual disposable income per
capita for urban households in China from year 1991 - 2011:
Annual disposable income per capita for rural households
Below is the chart of annual disposable income per capita for rural
households in China from year 1991 - 2011:
Due to the rapid pace of urbanization in China, the annual disposable
income per capita for urban households is climbing from 1, 701 RMB in
1991 to 17,175 RMB in 2009. This is equivalent to an 10 times
increase. As for rural households, similar trend can also be spotted - a
5.1 raise in annual disposable income per capita to 5,153 RMB in 2009. This
statistics have numerous indications with regards to China’s development
and situation. First and foremost, it is noted that there is still a
large income disparity between the urban and rural households. Using the
latest statistics, annual disposable income per capita for urban
households is 74% higher than rural households. However, China’s
government has been constantly putting in great effort in minimizing the
income gap. This can be witnessed in the rising annual disposable income
per capita for rural households. But, these efforts are “countered” by
rising income of urban households as well. Subsequently, it can also be
observed the growing income and purchasing power of the population in
both rural and urban households indicating the improvement in people’s
quality of lives over time.
Disposable income by income source
In
2009, the largest proportion of disposable income is derived from income
from wages and salaries which constitutes to 66% of the disposable income.
Subsequently, income from transfers constitutes to 24%. Followed by, income
from net business income making up to 8%, and lastly, income from properties
composing of the smallest portion of 2%. This proportion might change due
to the current financial adverse environment. With rising unemployment
rates, the transfers from government to people may perhaps possibly increase
while the income from wages and salaries may lessen.
Below is the chart of disposable income by income source for the year 2011:
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