According to the calculations of the Income Distribution Research Institute of Beijing Normal University, 964 million Chinese people earn a monthly income below 2,000 yuan (US$ 292.50); 364 million earn a monthly income between 2,000 (US$ 292.50) and 5,000 yuan (US$ 731.10); and only 72 million people, or 5.13 per cent of the total population, have a monthly income of more than 5,000 yuan (US$ 731.10). Data from China’s National Bureau of Statistics (NBS) also shows that 40 per cent of the households, a population of 610 million, make about 1,000 yuan (US$ 146.20) a month on average.
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