Individual disposable income highest in Shanghai at 17,277 yuan

China | 3 May 2018 5:54 pm

China's financial hub Shanghai outperformed other provincial regions in per capita disposable income in the first quarter of this year, official data showed.

Average per capita disposable income in Shanghai reached about 17,277 yuan (US$2,721.2) in the first quarter, the highest among provincial-level regions, followed by Beijing and Zhejiang, according to the National Bureau of Statistics, Xinhua reports.

China's average per capita disposable income stood at 7,815 yuan in the first three months, which grew by 6.6 percent on-year.

Nine provincial level regions outperformed the national average, including Beijing, Tianjin, Jiangsu, Guangdong and Shandong.

Shanghai also overtook its peers in purchasing power, with residents spending about 11,102 yuan on average in the quarter.

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