CHINA-ECONOMY: INCOME GAP BETWEEN PROVINCES IN CHINA WIDENS

The National Bureau of Statistics reported on May 9, 2018 that Shanghai retained the top spot on the list of 31 province-level jurisdictions, with residents of the financial hub earning an average of 17,277 yuan (US$2,700) over the January-March period. This represents an increase of 9.1 per cent from the equivalent period of 2017. Beijing ranked second, with its residents seeing their average quarterly income rise 8.3 per cent from last year to 15,767 yuan. At the bottom were the autonomous regions of Tibet (3,136 yuan) and Xinjiang (4,593 yuan). However, despite its position at the foot of the table, salaries in Tibet actually rose by 12.3 per cent from last year, faster than anywhere else in the country. The income gap between Shanghai and Tibet in absolute terms, however, rose to 14,141 yuan in the first quarter of 2018, from 13,049 yuan a year earlier.





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