Description
China Real Consumption Expenditure per Capita is compiled and published by the National Bureau of Statistics (NBS) of China. This indicator measures the year-over-year change in the average consumption expenditure of Chinese residents in real terms, adjusted for inflation. It reflects changes in residents' actual purchasing power and serves as an important indicator for assessing consumption capacity and economic well-being. An increasing year-over-year rate typically indicates an improvement in living standards and enhanced purchasing power, while a decreasing rate may suggest reduced consumer spending or increased economic pressures.