In 2024, the average annual per capita disposable income of households in China amounted to approximately 41,300 yuan. Annual per capita income in Chinese saw a significant rise over the last decades and is still rising at a high pace. During the last ten years, per capita disposable income roughly doubled in China. Income distribution in China As an emerging economy, China faces a large number of development challenges, one of the most pressing issues being income inequality. The income gap between rural and urban areas has been stirring social unrest in China and poses a serious threat to the dogma of a “harmonious society” proclaimed by the communist party. In contrast to the disposable income of urban households, which reached around 54,200 yuan in 2024, that of rural households only amounted to around 23,100 yuan. Coinciding with the urban-rural income gap, income disparities between coastal and western regions in China have become apparent. As of 2023, households in Shanghai and Beijing displayed the highest average annual income of around 84,800 and 81,900 yuan respectively, followed by Zhejiang province with 63,800 yuan. Gansu, a province located in the West of China, had the lowest average annual per capita household income in China with merely 25,000 yuan. Income inequality in China The Gini coefficient is the most commonly used measure of income inequality. For China, the official Gini coefficient also indicates the astonishing inequality of income distribution in the country. Although the Gini coefficient has dropped from its high in 2008 at 49.1 points, it still ranged at a score of 46.5 points in 2023. The United Nations have set an index value of 40 as a warning level for serious inequality in a society.

In 2024, the average annual per capita disposable income of rural households in China was approximately ****** yuan, roughly ** percent of the income of urban households. Although living standards in China’s rural areas have improved significantly over the past 20 years, the income gap between rural and urban households is still large. Income increase of China’s households From 2000 to 2020, disposable income per capita in China increased by around *** percent. The fast-growing economy has inevitably led to the rapid income increase. Furthermore, inflation has been maintained at a lower rate in recent years compared to other countries. While the number of millionaires in China has increased, many of its population are still living in humble conditions. Consequently, the significant wealth gap between China’s rich and poor has become a social problem across the country. However, in recent years rural areas have been catching up and disposable income has been growing faster than in the cities. This development is also reflected in the Gini coefficient for China, which has decreased since 2008. Urbanization in China The urban population in China surpassed its rural population for the first time in 2011. In fact, the share of the population residing in urban areas is continuing to increase. This is not surprising considering remote, rural areas are among the poorest areas in China. Currently, poverty alleviation has been prioritized by the Chinese government. The measures that the government has taken are related to relocation and job placement. With the transformation and expansion of cities to accommodate the influx of city dwellers, neighboring rural areas are required for the development of infrastructure. Accordingly, land acquisition by the government has resulted in monetary gain by some rural households.

Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. This dataset provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the average annual per capita disposable income of rural households in China from 1990 to 2024. In 2024, per capita disposable income of rural households in China amounted to around ****** yuan.

Key information about China Household Expenditure per Capita

• China Annual Household Expenditure per Capita reached 4,802.427 USD in Dec 2024, compared with the last update number of 4,660.400 USD in Dec 2023.
• China Annual Household Expenditure per Capita data is updated yearly, available from Dec 1957 to Dec 2024, with an averaged value of 607.205 USD.
• The data reached an all-time high of 4,802.427 USD in Dec 2024 and a record low of 89.641 USD in Dec 1964.
• In the latest reports, Retail Sales of China grew 2.900 % YoY in Oct 2025.

China Processed Meat Market size was valued at USD 24.7 Billion in 2024 and is expected to reach USD 38.6 Billion by 2032, growing at a CAGR of 5.7% from 2026 to 2032.Key Market Drivers:Rising Urban Population and Shifting Lifestyles: According to China's National Bureau of Statistics, the urban population will reach 920 million in 2023 (65.2% of the overall population). Urban households spend 31% more on processed meat than rural households. According to research conducted by the Chinese Academy of Social Sciences, urban professionals now spend only 38 minutes making dinner, down from 64 minutes a decade ago, fueling demand for convenient processed meat products.Growing Middle Class and Rising Disposable Income: According to the China Statistical Yearbook 2023, average disposable income increased by 6.1% in 2023 to RMB 47,412. The China Meat Association discovered that households earning more than RMB 20,000 per month spend 2.7 times as much on premium processed meats as lower-income households. Imported processed meat sales increased 22% in 2023, according to the Ministry of Commerce.

Key information about China Gross Savings Rate

• China Gross Savings Rate was measured at 43.4% in Dec 2024, compared with 43.4% in the previous year.
• China Gross Savings Rate is updated yearly, with data available from Dec 1952 to Dec 2024, and an average rate of 43.4%.
• The data reached an all-time high of 43.4% in Dec 2010 and a record low of 16.5% in Dec 1962.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, China GDP expanded 4.8% YoY in Sep 2025.
• China Nominal GDP reached 4,953,358.4 USD mn in Sep 2025. Its GDP deflator (implicit price deflator) fell 1.0% in Sep 2025.
• China GDP Per Capita reached 13,306.2 USD in Dec 2024.

In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.

In the 2024/2025 marketing year, the top consumers of wheat globally were China, India, and the European Union. China consumed about 151 million metric tons of wheat that year. Wheat consumption worldwide is slowly increasing, growing by about eight percent since 2018/2019. Wheat production and trade Not only do they consume the most wheat, but China, the EU, and India are also the leading producers of wheat worldwide. Chine led global production, with about 136.6 million metric tons in 2023/24. Despite being a top producer, China also imports a great deal of wheat. In 2022, China imported about 3.8 billion U.S. dollars’ worth of wheat. Egypt has been one of the leading importer of wheat worldwide for the last several years. Wheat price Prices around the world have risen as of 2022. Many believe that the Russian invasion of Ukraine is to blame for the rising wheat prices and others believe it is the speculation of an impending food crisis that is driving up demand. The price of the most common variety of wheat grown in the U.S., hard red winter wheat, reached an all-time high in May 2022, reaching over 522 dollars per metric ton. Globally, the real household income is expected to decline by about 1.57 percent due to the increased cost of wheat and corn. Some countries will experience a decline of over five percent, showing the real impact that growing prices have on consumers across the world.