Here's Where People Are Spending the Most in China

By Ryan Gandolfo, April 28, 2020

0 0

In the first quarter of 2020, national residents’ per capita consumption expenditure was RMB5,082, with food, tobacco and alcohol accounting for 33.6% of consumer spending. 

The data, noted in a China Daily report that cites figures from the National Bureau of Statistics (NBS), shows housing and transportation and communications came in second and a distant third in terms of spending, accounting for 24.4% and 11.9%, respectively.

Comparing the quarterly data to per capita consumption expenditure in 2019, food, tobacco and alcohol spending went up 5% last quarter, as families across China underwent extended periods of mandatory or self quarantine due to the public health crisis.

While national per capita consumption narrowly surpassed the RMB5,000 mark, folks in Shanghai were the biggest spenders in the first quarter, more than doubling the national level with RMB10,410 per capita. 

Beijing and Zhejiang province followed suit, with RMB10,003 and RMB7,891 in spending per capita, respectively.

Among the PRC’s municipalities, provinces and regions, nine surpassed the national level of consumption expenditure per capita in the first quarter.

Check out the list below to see where people spend the most:

1. Shanghai
2. Beijing
3. Zhejiang
4. Tianjin
5. Guangdong
6. Jiangsu
7. Fujian
8. Chongqing
9. Hunan
10. Liaoning

READ MORE: China's GDP Contracts for First Time Since 1992

[Cover image via Unsplash]

more news

China's Economy Expands 4.9% in the Third Quarter

The economy expanded faster than the second quarter, but fell short of expected growth of 5.2% in the third quarter.

This Day in History: The Death of Puyi, China’s Last Emperor

Puyi was only 3 years old when he sat on the 'Dragon Throne.'

This Day in History: China’s First Man in Space

On this day in 2003, Yang Liwei endured a 21-and-a-half-hour flight, completing 14 orbits of the Earth

China's Largest Aircraft-Sized Drone Successfully Takes Flight

This UAV has reduced operating costs and can carry payloads up to 1.5 metric tons.

Here's How German Companies are Faring in China

Maximilian Butek share with That's common barriers for German companies entering the Chinese market.

Meet the Man Empowering Kids Through Karate in China

Henry Novoa shares with That's what got him interested in the sport and his academy's success in international competitions.

What to Know about China's Major Stock Exchanges

a brief background and explanation on what gets traded in each exchange, and advice on how to access them.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at Thats_Shanghai for events, guides, giveaways and much more!

7 Days in Shanghai With thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Shanghai!

Visit the archives