China's Per Capita Income Growth in 2025: Positive Signs Reinforce Economic Stability and Spotlight Urban-Rural Disparities

In the first nine months of 2025, China experienced significant economic progress, reflected by a steady increase in average disposable income per capita. Supported by a stable labor market and rising consumer spending, this growth highlights the effectiveness of policies aimed at fostering balanced development between urban and rural areas.

Per Capita Income Growth Details

The average disposable income per capita reached 32,500 yuan (approximately $4,580) during this period, marking an annual increase of 5.1% in nominal terms and 5.2% after accounting for inflation, according to the National Bureau of Statistics. The median disposable income also rose to 27,140 yuan, showing a 4.5% year-on-year increase.

Urban vs. Rural Performance

The data shows rural residents enjoyed a faster growth pace, seeing a 5.7% increase in nominal income, compared to a 4.4% rise for urban residents during the same period. This disparity underscores China's ongoing efforts to close the gap between rural and urban areas by promoting rural development and stimulating economic activities beyond major cities.

Consumer Spending Insights

Average per capita consumer expenditure stood at 21,570 yuan, up by 4.6% nominally and 4.7% in real terms over the year. This improvement in purchasing power and expanded economic activity underscores the increasing role of domestic consumption and retail in China's growth model, supporting national strategies to boost internal demand and reduce reliance on exports.

Future Outlook

Economic authorities believe that continued income stability and expanding job opportunities serve as strong indicators of China's economic resilience and ability to face global challenges. Further narrowing the urban-rural income gap remains a priority to ensure the benefits of development are distributed more equitably and efficiently.