Less willing to spend
Source: Xinhua |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
CHINA'S urban dwellers were less willing to spend between 2006 and 2010 despite sustained and rapid income growth, the National Bureau of Statistics said yesterday.
The per capita disposable income of urban residents was 19,109 yuan (US$2,911) in 2010, up 82.1 percent from 2005 or 59 percent in real terms after price factor adjustments, the bureau said in an online statement.
The annual growth rate was 9.7 percent during the period after price factor adjustments, it said.
However, the average propensity to consume, which measures the proportion of annual income spent on consumption of goods and services, fell 5.2 percentage points from 2005 to 70.5 percent in 2010, it said.
Meanwhile, the net urban savings rate was up 7.6 percentage points during the period to 11.1 percent in 2010, it added.
The per capita disposable income of urban residents was 19,109 yuan (US$2,911) in 2010, up 82.1 percent from 2005 or 59 percent in real terms after price factor adjustments, the bureau said in an online statement.
The annual growth rate was 9.7 percent during the period after price factor adjustments, it said.
However, the average propensity to consume, which measures the proportion of annual income spent on consumption of goods and services, fell 5.2 percentage points from 2005 to 70.5 percent in 2010, it said.
Meanwhile, the net urban savings rate was up 7.6 percentage points during the period to 11.1 percent in 2010, it added.
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