China: Real Disposable Income per Capita (YTD Cumulative, YoY)

Macro

2026-04-16

Description

China Disposable Income per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the total amount of per capita disposable income for Chinese residents during a specific period, including wage income, property income, and transfer income. It reflects the living standard and purchasing power of residents and is an important indicator for assessing consumption capacity and economic well-being. Growth in per capita disposable income typically indicates an improvement in living standards and increased consumption potential, while slower growth may reflect economic pressures or stagnant income growth.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China Consumption

AI Data Insight

The cumulative year-on-year growth rate of China's national per capita real disposable income in the first quarter of 2026 dropped to 4.0%, significantly slowing down from the previous 5.0%. Although GDP growth during the same period exceeded expectations, the urban unemployment rate rose to 5.4% and retail sales growth remained weak, highlighting the temperature difference between macroeconomic data and real-world sentiment. Going forward, close attention should be paid to the employment market mismatch and the implementation effects of official policies to stimulate domestic demand.

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AI Data Insight

The cumulative year-on-year growth rate of China's national per capita real disposable income in the first quarter of 2026 dropped to 4.0%, significantly slowing down from the previous 5.0%. Although GDP growth during the same period exceeded expectations, the urban unemployment rate rose to 5.4% and retail sales growth remained weak, highlighting the temperature difference between macroeconomic data and real-world sentiment. Going forward, close attention should be paid to the employment market mismatch and the implementation effects of official policies to stimulate domestic demand.

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Macro
Description

China Disposable Income per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the total amount of per capita disposable income for Chinese residents during a specific period, including wage income, property income, and transfer income. It reflects the living standard and purchasing power of residents and is an important indicator for assessing consumption capacity and economic well-being. Growth in per capita disposable income typically indicates an improvement in living standards and increased consumption potential, while slower growth may reflect economic pressures or stagnant income growth.

Published by
National Bureau of Statistics of China (Choice)
Frequency
Quarterly
Next Update
Hashtags
China Consumption