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Zhongshan residents’ annual real income growth averages 8.5%
Updated: 2017-09-27    Source: Zhongshan Daily Large Medium Small Print

annual per capita GDP growth of 8.5% during 2012-2016. In the same period, the average annual growth rate of real disposable income of Zhongshan residents was 8.5%, meeting the goal of simultaneous growth of resident income and the economy. 

In terms of income, disposable income of Zhongshan residents in 2016 was 40,012 yuan, exceeding 40,000 for the first time, 64.9% higher than that in 2011, and achieving an annual growth rate of 10.5% (a real growth of 8.5% minus the inflation rate).

Since the 18th National Congress of the CPC, Zhongshan has channeled great efforts into developing e-commerce and new business areas, supporting large consumption-promoting campaigns, issuing coupons, building exhibition economy and etc to boost the fast growth of economy. In 2016, the per capita spending of Zhongshan residents was 26,637 yuan, 63.8% higher than that in 2011 with an average growth rate of 10.4%. Engel's Coefficient of Zhongshan residents decreased to 35.2% in 2016 from 39.7% in 2011.

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