China per capita income cross $10000 for the first time
- 4 years ago
China per capita income cross $10000 for the first time
For the first time, the per capita GDP of China, the world's most populous nation, has exceeded the USD 10,000-mark in 2019.The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate, exceeding the 10,000-dollar mark, Director of the National Bureau of Statistics.As a country with 1.4 billion people and a per capita GDP of more than 10,000 US dollars, China will contribute more to the development and progress of the world.According to the World Bank, the population of countries with per capita GDP above 10,000 US dollars was nearly 1.5 billion in 2018.
As China enters the ranks of such countries, their collective population will approach 3 billion, representing major progress in the economic and social development of the world.China's per capita disposable income stood at 30,733 yuan (4,461.95 US dollars) in 2019, up 5.8 per cent year on year in real terms.Chinese per capita consumer spending increased by 5.5 per cent year on year in real terms to reach 21,559 yuan in 2019.
China's economy grew 6.1 per cent year on year in 2019, within the government's annual target of 6 to 6.5 per cent. However, the growth rate was the lowest in 29 years.
By 2020, China has said that it aims to double the per capita income of its urban and rural residents from 2010 levels.
For the first time, the per capita GDP of China, the world's most populous nation, has exceeded the USD 10,000-mark in 2019.The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate, exceeding the 10,000-dollar mark, Director of the National Bureau of Statistics.As a country with 1.4 billion people and a per capita GDP of more than 10,000 US dollars, China will contribute more to the development and progress of the world.According to the World Bank, the population of countries with per capita GDP above 10,000 US dollars was nearly 1.5 billion in 2018.
As China enters the ranks of such countries, their collective population will approach 3 billion, representing major progress in the economic and social development of the world.China's per capita disposable income stood at 30,733 yuan (4,461.95 US dollars) in 2019, up 5.8 per cent year on year in real terms.Chinese per capita consumer spending increased by 5.5 per cent year on year in real terms to reach 21,559 yuan in 2019.
China's economy grew 6.1 per cent year on year in 2019, within the government's annual target of 6 to 6.5 per cent. However, the growth rate was the lowest in 29 years.
By 2020, China has said that it aims to double the per capita income of its urban and rural residents from 2010 levels.