The National Bureau of Statistics and local statistical bureaus have announced the per capita disposable income of residents in all provinces in 2018. According to incomplete statistics of China Singapore Jingwei Client, so far, the per capita disposable income of 9 provinces in 2018 exceeded the national level, with Shanghai ranking first at 64183 yuan.

Ning Jizhe, director of the National Bureau of Statistics, once pointed out that every effort should be made to increase residents' income and enhance their consumption capacity. The work reports of many local governments also set targets for the growth of disposable income of urban and rural residents in 2019 to help people share the fruits of national reform and development.

Per capita disposable income of 9 provinces exceeds the national level

According to the data released by the National Bureau of Statistics recently, in 2018, the per capita disposable income of residents nationwide was 28228 yuan, a nominal increase of 8.7% over the previous year, and an actual increase of 6.5% after deducting price factors. Disposable income of residents refers to the sum of final consumption expenditure and savings that residents can use, that is, the income that residents can use freely, including both cash income and income in kind. According to the source of income, disposable income includes wage income, net operating income, net property income and net transfer income.

It is found that in 2018, the per capita disposable income of residents in Beijing, Tianjin, Inner Mongolia, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong and Guangdong exceeded the national average.

In addition, the per capita disposable income of Shanghai residents in 2018 reached 64183 yuan, ranking first in China; The second place was Beijing, reaching 62361 yuan; The second is Zhejiang, reaching 45840 yuan. In terms of per capita disposable growth rate of urban and rural residents, Guizhou ranks first with a growth rate of 10.3%, which has reached double-digit growth.

Increase income: set clear growth targets in many places

Ning Jizhe, director of the National Bureau of Statistics, said that in 2018, residents' income and economic growth were basically synchronized. The per capita disposable income of Chinese residents grew by 6.5% in real terms, faster than the growth rate of 6.1% of per capita GDP.

Whether the people's "pocketbook" is full or not depends on the fast growth of income. Ning Jizhe made it clear that in 2019, we should speed up the formation of a strong domestic market, strengthen the endogenous power of the economy, tap and release the consumption potential, and do everything possible to promote residents' income growth and enhance consumption capacity.

The work report of many local governments also set the growth target of disposable income of urban and rural residents in 2019, some emphasized the need to keep pace with economic growth and share the fruits of development; Some made it clear that rural residents should increase their income faster and narrow the gap between urban and rural areas.

Tianjin proposed that the growth rate of per capita disposable income of residents was higher than that of regional GDP. Sichuan proposed that the per capita disposable income of urban and rural residents increased by 8% and 9% respectively. According to the work report of Xiamen government, the per capita disposable income of urban residents and rural residents will increase by 8% in 2019. Nanjing proposed that the per capita disposable income of all residents will increase by 8% this year. The work report of Anhui Provincial Government pointed out that the per capita disposable income of rural permanent residents increased by about 9%

Data chart: salary income in the new Jingwei Xiong Jiali Photographed

Yang Jirui, president of the Chinese Society of Consumer Economics, analyzed that from the work reports of local governments, it is expected that more and more solid income increase policies will be implemented in 2019, helping people share the fruits of national reform and development, and constantly narrowing the income gap.

The state frequently "moves" to promote consumption

With the increase of income, the level of consumption also increases, and the contribution of consumption to economic growth is beyond doubt. Some media commented that the consumption potential is not only from everyone's wallet, but also from the release of reform dividends. The key to expanding consumption space is whether there is timely and sufficient policy drive. The state has also frequently "resorted" to let the consumer dividends fall into the hands of the people.

The Central Economic Work Conference held at the end of 2018 pointed out that we should improve product quality, improve the consumption environment, enhance consumption capacity and promote the formation of a strong domestic market. From the issuance of Several Opinions of the CPC Central Committee and the State Council on Improving the Consumption Promotion System and Mechanism to Further Stimulate Residents' Consumption Potential to the issuance of the Implementation Plan for Improving the Consumption Promotion System and Mechanism (2018-2020), Then the National Development and Reform Commission and other 10 departments jointly issued the Implementation Plan for Further Optimizing Supply to Promote Steady Consumption Growth and Promote the Formation of a Strong Domestic Market (2019). This series of systems have been intensively introduced and put into effect in order to better meet the people's aspirations for a better life.

Information picture: New longitude and latitude photos of consumers in duty-free shops

In addition, on February 12, Wang Bin, Deputy Director of the Market Operation Department of the Ministry of Commerce, disclosed at the special conference that a national special conference will be held in April this year to promote the implementation of a series of measures to promote consumption from five aspects, namely, improving urban consumption, promoting rural consumption, and expanding service consumption.

Zheng Houcheng, chief economist of China Guoxin Asset Management Co., Ltd., predicted that although the consumption growth rate in 2019 will face certain pressure, it is not expected that the consumption decline will be too strong in view of the enhanced countercyclical adjustment, including expanding consumption scale and promoting automobile and household appliances consumption according to local conditions.

Zhang Jun, chief economist of Morgan Stanley Huaxin Securities, believes that stimulating the consumption power of Chinese residents in the future needs to start from three aspects: first, stabilize employment, which is also the first priority of the "six stabilities" mentioned at the recent central meeting; Secondly, the real income of residents should be improved by continuing to reduce taxes; Thirdly, the government should increase the investment in public goods such as education, medical care and old-age care, which can reduce the backwardness of consumption and increase consumption by reducing defensive savings.

Share to let more people see