chinas personal income rises 63 in 2016
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China's Personal Income Rises 6.3% in 2016

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Arab Today, arab today China's Personal Income Rises 6.3% in 2016

China's Personal Income Rises 6.3% in 2016
Beijing - QNA

China's per capita disposable income stood at 23,821 Yuan ($3,469) in 2016, up 6.3% year-on-year in real terms, official data showed Friday. 
The increase was slower than the 7.4% rise in 2015, as China's economy posted the slowest pace of growth in 26 years in 2016. 
Urban and rural per capita disposable income reached 33,616 Yuan and 12,363 Yuan in 2016, up 5.6% and 6.2% in real terms, respectively, according to the National Bureau of Statistics (NBS). 
China's Gini coefficient, an index reflecting inequality where zero equals perfect equality, stood at 0.465 in 2016, NBS Chief Ning Jizhe said in a statement carried by Xinhua news agency. 
The average monthly income of rural migrant workers was 3,275 Yuan, up by 6.6% year on year, compared with a 7.2% increase in 2015. 
China aims to double the per capita income of its urban and rural residents by 2020, from 2010 levels, to build a moderately prosperous society

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