Statistics released by the National Bureau of Statistics show that income has grown steadily and consumption has accelerated.

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  In the first half of this year, the per capita disposable income and per capita consumption expenditure of residents in all provinces, autonomous regions and municipalities increased, and the per capita disposable income of residents in most provinces, autonomous regions and municipalities increased more than the per capita consumption expenditure. Experts pointed out that with the continuous improvement of income level, residents’ consumption capacity will be improved accordingly, and the foundation of consumption scale expansion and consumption upgrading will be further consolidated.

  Recently, the National Bureau of Statistics released the data of per capita disposable income and per capita consumption expenditure of residents in 31 provinces, autonomous regions and municipalities nationwide. The data shows that compared with the same period of last year, the per capita disposable income and per capita consumption expenditure of residents in all provinces, autonomous regions and municipalities increased in the first half of this year, and the per capita disposable income of residents in most provinces, autonomous regions and municipalities increased more than the per capita consumption expenditure.

  Experts pointed out that on the whole, the stable operation of China’s national economy is an important basis for the increase of residents’ income and consumption expenditure. Income is the basis and premise of consumption. With the continuous improvement of income level, residents’ consumption capacity will be improved accordingly, and the foundation of consumption scale expansion and consumption upgrading will be further consolidated.

  The income gap between urban and rural residents has narrowed.

  In the first half of the year, the per capita disposable income of the national residents was 14,063 yuan, a nominal increase of 8.7% over the same period of the previous year; After deducting the price factor, the actual growth rate was 6.6%, which continued the steady growth trend since the first quarter.

  From the perspective of provinces, the per capita disposable income of Shanghai, Beijing, Zhejiang, Tianjin, Jiangsu, Guangdong, Fujian, Liaoning and Shandong in the first half of the year exceeded the national average of 14,063 yuan; In terms of growth rate, the per capita disposable income of 19 provinces, autonomous regions and municipalities outperformed the national growth rate of 8.7% year-on-year.

  In the first half of the year, all the provinces and cities with per capita disposable income exceeding 20,000 yuan were located in the eastern region, namely Shanghai, Beijing, Zhejiang and Tianjin.

  Among them, the per capita disposable income of residents in Shanghai and Beijing exceeds 30,000 yuan. The per capita disposable income of Shanghai residents is 32,612 yuan, ranking first in 31 provinces, autonomous regions and municipalities in China; Compared with the same period last year, the nominal growth rate was 9.1%, which was faster than the national growth rate. The per capita disposable income of Beijing residents was 31,079 yuan, up 8.8% year-on-year, 0.1 percentage point faster than the national growth rate. The per capita disposable income of Zhejiang residents is 24,147 yuan, ranking third among 31 provinces, autonomous regions and municipalities, with an increase of 8.9% year-on-year.

  In recent years, although the economic growth in the central and western regions is faster than that in the eastern region, there is still a big gap between the western region and the eastern region in terms of per capita disposable income, which is also one of the external manifestations of unbalanced regional development in China. The imbalance of regional development will often widen the gap between residents’ income and basic public services, and will also bring a series of social problems.

  In the first half of the year, wage income accounted for a relatively large proportion of all kinds of income. The per capita wage income of the national residents is 8091 yuan, the net operating income is 2265 yuan, the net property income is 1166 yuan, and the net transfer income is 2541 yuan.

  According to local data, wage income is the "big head" of per capita disposable income. For example, the per capita disposable income of Jiangsu residents is 19,885 yuan, of which wage income reaches 11,636 yuan; The per capita disposable income of urban residents in Qinghai is 14,302 yuan, of which wage income is 9,410 yuan.

  In the first half of this year, the income of rural residents in China grew faster than that of urban residents, and the income gap between urban and rural residents was narrowing. The per capita disposable income of urban residents was 19,770 yuan, a year-on-year increase of 7.9%; The per capita disposable income of rural residents was 7,142 yuan, an increase of 8.8%. The growth rate of per capita income of rural residents is 0.9 percentage points faster than that of urban residents. The income ratio of urban and rural residents decreased from 2.79 in the same period of last year to 2.77.

  Chang Tiewei, deputy director of the Employment Department of the National Development and Reform Commission, said that since this year, in accordance with the deployment of the Government Work Report, the inter-ministerial joint meeting on the reform of the income distribution system has been deepened, and the relevant tasks of 20 member units and relevant departments have been systematically sorted out, forming the key work arrangements in the field of income distribution in 2018, and various income distribution policies have been further improved.

  Per capita consumption expenditure is higher than the same period last year.

  Income is the premise and foundation of consumption. With the improvement of income level, the consumption power is also rising. In the first half of the year, the per capita consumption expenditure of the national residents was 9,609 yuan, with a nominal increase of 8.8% over the same period of last year, and a real increase of 6.7% after deducting the price factor. The nominal growth rate and the real growth rate were 1.2 and 0.6 percentage points higher than the same period of last year respectively.

  In terms of provinces, the per capita consumption expenditure of residents in 31 provinces, autonomous regions and municipalities in the first half of the year was higher than that in the same period last year; The per capita consumption expenditure of residents in 10 provinces, autonomous regions and municipalities is higher than the national average.

  Among them, the per capita consumption expenditure of Shanghai residents is 21,321 yuan, which is more than 20,000 yuan in 31 provinces, autonomous regions and municipalities. This expenditure level has increased by 1,793 yuan compared with the same period of last year, and the increase in expenditure is ahead of other provinces, autonomous regions and municipalities. Shanghai is also known as "the city that can make the most money and spend the most money".

  In addition to going overseas, there are seven cities with per capita consumption expenditure exceeding 10,000 yuan, namely Beijing, Tianjin, Zhejiang, Guangdong, Jiangsu, Fujian and Liaoning. Among them, the per capita consumption expenditure of Beijing residents was 19,670 yuan, 1,289 yuan more than last year, up 7.0% year-on-year.

  The per capita consumption expenditure of Tianjin residents was 14,708 yuan, 873 yuan more than last year, up 6.3%. In the first half of the year, the per capita consumption expenditure of residents in Jiangsu Province was 12,391 yuan, a nominal increase of 7.5% year-on-year, 0.4 percentage points faster than that in the first quarter.

  Among the three northeastern provinces, the per capita consumption expenditure of residents in Liaoning Province is 10,462 yuan, 438 yuan more than last year. The per capita consumption expenditure of urban residents in Jilin was 10,573 yuan, up 12.6% year-on-year.

  Among the residents’ consumption expenditure, the per capita consumption expenditure of Tibetan residents is 4,799 yuan, which ranks at the bottom of all provinces, autonomous regions and municipalities in China, but it is 519 yuan higher than the same period last year. Guizhou province, with the fastest economic growth, has a per capita consumption expenditure of 6,307 yuan, an increase of 169 yuan over the same period of last year, ranking second from the bottom in all provinces, autonomous regions and municipalities in China; The per capita consumption expenditure of Yunnan residents is 6607 yuan, ranking third from the bottom in all provinces, autonomous regions and municipalities in China.

  Liu Yunan, inspector of the Comprehensive Department of the National Development and Reform Commission, said that at present, we should continue to strengthen the supporting and publicity guidance of policies in income distribution, finance and other fields, improve residents’ consumption capacity and expectations, focus on expanding residents’ consumption, and give full play to the basic role of consumption in economic and social development.

  The pace of consumption upgrading has gradually accelerated.

  In the first half of the year, the growth rate of per capita disposable income was 0.1 percentage points slower than that of per capita consumption expenditure.

  However, the growth rate of per capita disposable income and per capita consumption expenditure in different provinces has diverged. The growth rate of per capita disposable income of residents in 13 provinces in China is faster than that of per capita consumption expenditure. For example, the growth rate of per capita disposable income of Guizhou residents is 7.9 percentage points faster than that of per capita consumption expenditure; The growth rate of per capita disposable income in Guangdong Province is 4.3 percentage points faster than that of per capita consumption expenditure.

  Statistics show that the growth rate of per capita disposable income of residents in 18 provinces is slower than that of per capita consumption expenditure. For example, the growth rate of per capita disposable income in Hubei Province is 8.1 percentage points slower than that of per capita consumption expenditure; The growth rate of per capita disposable income in Heilongjiang Province is 6.7 percentage points slower than that of per capita consumption expenditure.

  The per capita consumption expenditure of urban residents and rural residents in different provinces has also diverged. The growth rate of per capita consumption expenditure of urban residents in some provinces is faster than that of rural residents. For example, in the first half of the year, the per capita consumption expenditure of urban residents in Tianjin was 16,096 yuan, up by 6.5%, while that of rural residents was 8,199 yuan, up by 4.2%. The per capita consumption expenditure of urban residents in Qinghai Province was 10,806 yuan, up by 8.9%, and that of rural residents was 4,836 yuan, up by 6.1%. The per capita consumption expenditure of urban residents in Jilin Province was 10,573 yuan, up 12.6% year-on-year, and that of rural residents was 4,889 yuan, up 4.1% year-on-year. In some provinces, the per capita consumption expenditure of urban residents is slower than that of rural residents. For example, the per capita consumption expenditure of urban residents in Jiangsu Province increased by 7.1%, while that of rural residents increased by 7.3%.

  It is worth noting that with the steady growth of residents’ income and the increasing effective supply, the pace of residents’ consumption upgrading has gradually accelerated. Statistics from the National Bureau of Statistics show that the growth rate of some consumption-upgrading commodities accelerated in the first half of this year. Communication equipment and cosmetics of units above designated size increased by 10.6% and 14.2% respectively, which was higher than the overall growth rate of total retail sales of social consumer goods. The upgrading momentum of service consumption is also obvious. The per capita expenditure on sports and fitness activities and hotel accommodation in China increased by 39.3% and 37.8% respectively, and the sales of sport utility vehicles increased by 9.7% year-on-year, which was 4.2 percentage points higher than that of basic passenger cars (cars).

  Meng Qingxin, director of the Department of Foreign Trade and Economic Cooperation of the National Bureau of Statistics, pointed out that the urban and rural consumer goods markets have maintained rapid growth, driven by factors such as the increasing consumption power of residents and the continuous optimization of the consumption environment. Especially with the further improvement of consumption infrastructure such as transportation, logistics and communication in rural areas and the continuous extension of e-commerce to rural areas, the consumption potential of rural residents has been continuously released, the growth rate of retail sales of rural consumer goods is faster than that of cities and towns, the proportion of rural markets has gradually increased, and the urban-rural structure of the consumer market has been continuously optimized. In the first half of the year, the retail sales of rural consumer goods market increased by 10.5% over the previous year, which was 1.3 percentage points higher than that of urban markets. The rural market accounted for 14.4% of the total retail sales of social consumer goods, up by 0.1 percentage point over the previous year.