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Personal income rises in Guangdong
GUANGZHOU: The per capita disposable income of urban residents in South China's Guangdong Province rose 7.8 per cent in the first eight months of this year, according to figures from the Guangdong Provincial Statistical Bureau. Between January and August of this year, the per capita disposable income of urban residents in Guangdong totalled 10,086.8 yuan (US$1,244) . By late August, the outstanding sum of residents' bank deposits reached 1.93 trillion yuan (US$238.74 billion), an increase of 173.1 billion yuan (US$21.34 billion) compared to the beginning of the year. Guangdong has achieved an economic miracle since it was given the task of piloting China's reform and opening-up drive more than two decades ago. It has become a global base of the processing sector and one of China's most economically developed regions. The figures released by the bureau also shows that the province notched up 291.75 billion yuan (US$35.97 billion) in gross revenue in the first eight months of this year. Between January and August of this year, the province's general budget receipts totalled 107.79 billion yuan (US$13.29 billion), up 14.5 per cent, while the general budgetary expenditure reached 119 billion yuan (US$14.67 billion), a rise of 21.1 per cent. In the meantime, the province registered an 18 per cent increase of its foreign trade to reach US$260.37 billion from January to August compared with the same period last year, according to the figures released by the bureau. Retail sales of consumer commodities hit 471.57 billion yuan (US$58.15 billion) in the province in the first eight months of the year. The figure represents a rise of 14.7 per cent from the same period last year, and the growth rate is 1.1 percentage points more than that of January-August period last year, said information from the statistics bureau.
(China Daily 10/05/2005 page2)
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