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December 19, 2017

Disposable Income & GDP in China Rises Again!

In the first 3 quarters on 2017, the GDP of China was 59,328.8 billion RMB. This shows a YoY increase of 6.9% at comparable prices and an 0.2% faster growth rate than the same period of 2016.

Disposable income per capita was 19,342 RMB. This equals nominal growth of 9.1% YoY or a real increase of 7.5% after accounting for price factors. This is 1.2% higher than the same period of 2016. For urban citizens, per capita disposable income was 27,430 RMB, showing real growth 6.6% after accounting for price factors. For rural residents, per capita disposable income was 9.778 RMB, an increase of 7.5% real growth. In the first 3 quarters, the investment in fixed assets (excluding rural households) grew by 7.5% YoY, 0.7% lower than in the same period of 2016. Investment in real estate development grew by 8.1% YoY, 2.3% higher than in the same period of 2016. The total value of exports rose by 12.4% rose to 11,163 bn RMB. Meanwhile, the total value of imports rose by 22.3% to 9129.9 bn RMB.

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