China's resident nominal disposable income up 6.2% in Q1

BEIJING - China's per capita disposable income stood at 11,539 yuan ($1,624.57) in the first quarter of 2024, up 6.2 percent year-on-year in nominal terms, data from the National Bureau of Statistics showed Tuesday.

Separately, urban per capita disposable income came in at 15,150 yuan, up 5.3 percent, while per capita income in rural areas stood at 6,596 yuan, an increase of 7.6 percent.

In terms of income sources, per capita income from wages, net income from operations and net income from property increased by 6.8 percent, 6.8 percent and 3.2 percent, respectively, in nominal terms.

During this period, the median of nationwide per capita disposable income was 9,462 yuan -- representing nominal growth of 6.4 percent year-on-year.

Tuesday's data also showed that China's gross domestic product grew 5.3 percent year-on-year in the first quarter of 2024.