City tops national cash-in-pocket poll
Print Edition
SHANGHAI residents had more money in their pockets than people elsewhere on China’s mainland in the first half of this year, figures show.
Between January and June, a Shanghai resident had on average a total disposable income — the amount after taxes, medical insurance, pension funds housing funds — of 25,279 yuan (US$4,070), the Shanghai Statistics Bureau said yesterday.
This works out at around 4,213 yuan a month.
Shanghai topped China’s mainland for both urban and rural incomes, above Beijing and Zhejiang Province.
However, some residents said they felt that being first in China’s income ranking didn’t bring them greater happiness.
“The city has higher incomes but also higher commodity prices than most other Chinese cities,” Zhou Qian, a local white-collar worker at an IT company told Shanghai Daily.
Figures showed that the gap between urban and rural Shanghai residents continued to close in this period.
Disposable income of urban residents rose 7.8 percent to 26,664 yuan between January and June.
In Beijing the figure was 26,171 yuan, and 22,640 yuan in Zhejiang.
The incomes of Shanghai’s rural residents jumped 9.1 percent to 13,346 yuan on average, according to the bureau.
“Farmers in Shanghai’s outlying villages are not only earning from agriculture but rent for houses and warehouses,” said Hu Yijian, a professor at the Shanghai University of Finance and Economics.
Hu said rural dwellers’ social welfare payments from the city government are also better than those received by counterparts elsewhere in China.
The growth rate in the city’s rural incomes have been outstripping urban areas for several years, said Hu.
Year on year, increases in both groups slowed in the first six months of this year, however. In the first six months of 2014, disposable income climbed 8.3 percent among urban residents and 10.7 percent among the rural population.
Nationwide, the total average disposable income of urban residents for the first six month of 2015 was 15,699 yuan — up 6.7 percent year-on-year.
Rural incomes for the same period increased by 8.3 percent to 5,554 yuan.
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