West China takes lead in disposable income growth in H1

2017-08-09 09:41:38 | From:China Daily

China's western provinces and regions saw the fastest disposable income growth in the first half of this year, according to a report by 21st Century Business Herald.

Tibet autonomous region topped the country with a 14.26 percent growth rate, followed by Guizhou and Yunnan provinces, where their nominal disposable income increased by more than 10 percent in H1, the report said.

Qinghai, Ningxia, Xinjiang, Jiangxi and Chongqing were also in the top, with their disposable income growth rates exceeding 9 percent in H1.

21st Century Economic Institute found the fastest-growing regions of disposable income generally have fast economic growth and industrial growth.

The nominal GDP growth rates of Tibet and Guizhou, the top two fastest-growing regions of disposable income in H1, reached 17.59 and 16.11 percent in H1 respectively, ranked first and third in China, according to the report.

Tibet, Guizhou and Yunnan also led the country in industrial growth, ranked first, third and fourth with growth rates of 14.1, 10.0 and 9.9 percent in H1.

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