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Article: STATISTICS - CHINA'S H1 CONSUMER SPENDING SLOWS AS SAVINGS RISE.
- Article from:
- AsiaPulse News
- Article date:
- August 23, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Aug 23 Asia Pulse - A survey of 44,000 Chinese urban families by the National Bureau of Statistics shows that the growth of their per-capita consumer expenditure was 2.1 percentage points lower than that of their income in the first half of this year.
This means that the consumer and investment trends of the urban residents weakened while their savings deposits grew stronger.
In the first half of this year, per capita consumer spending was 2,546 yuan (US$297), an increase of 4.6 per cent year-on-year.
The per-capita non-consumer spending was 618 yuan, down 0.6 per cent. The growth of expenditure fell four percentage points from that in ...