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Urban-rural income gap further narrowed in Huzhou

chinadaily.com.cn | Updated: Jan 25, 2022

The incomes of both urban and rural residents of Huzhou, East China's Zhejiang province, achieved double-digit growth in 2021.

The per capita disposable income of urban residents rose 10.1 percent to 67,983 yuan ($10,458.9), while the figure for rural residents was 41,303 yuan, up 10.9 percent, according to official data from the Huzhou branch of the National Bureau of Statistics.

Last year, the income ratio between urban and rural residents in Huzhou stood at 1.65, 0.01 lower than the previous year.

This was the ninth year in a row that the city's urban-rural income gap narrowed.

The fast growth of wages for local residents is primarily due to the robust recovery of local manufacturing capacity and the effective epidemic control measures taken by authorities, said a local official.

The city's move to raise the minimum wage standard by 15 percent last August has also contributed partly to salary growth.

Strong rebounds were also seen in operating income in 2021.

The per capita net operating income of urban and rural residents in Huzhou stood at 13,341 yuan and 10,256 yuan, up 10.6 percent and 11.4 percent respectively.

In addition, residents' consumption expenditures also increased. The per capita consumption expenditure of urban residents hit 41,532 yuan, an increase of 17 percent, while the number for rural residents was 27,134 yuan, rising by 18.1 percent year-on-year.