Chinese income has increased 60-fold in 70 years

China's per capita disposable income has been multiplied by nearly 60 over the past seven decades as a result of the country's continued economic expansion, according to data released by the National Bureau of Statistics (NBS).
Per capita disposable income was about 49.7 yuan in 1949 and amounted to 28,000 yuan ($ 4,030) in 2018, recording growth of more than 59 times after deducting the amount of income. inflation.

Growth in fixed incomes also led to a steady rise in consumer spending, with China's per capita consumption rising from 88.2 yuan in 1956 to 1,853 yuan in 2018, representing growth 28 times greater in real terms.
According to recent statistics, many economic sectors have developed in China. The machinery industry in China has maintained steady growth in the first half of this year, despite the downward pressure, according to the China Machinery Industry Association.

Industry revenue reached 10.53 billion yuan (about 1.5 trillion US dollars) in the first half, up 1.29 percent year on year.