average annual income China?

Answer 1

Last year (which means the numbers are a year older still), there was a news report that said that average annual "disposable" income for urban dwellers was above the equivalent of $1,000, while the average for farmers was the equivalent of about $355. Inside of the rural numbers, they estimate some 90 million whose per capita income was closer to, or below, the equivalent of some $105. (Xinhua News, October 5, 2005)

There was another report after that which said their relief program for the country's very poor was working in some places. In the central province of Hubei, the bottom tier of people dropped from some 2.2 million people to more like 0.9 million. In some 29 smaller political divisions the average annual income rose from 1,500 to 1,800 yuan, which they equate to $188 to $225. There was supposedly some 4.5 million, however, that were earning something below 625 yuan, or around $78 a year. (Xinhua News, February 17, 2006)

Does that give a picture for the low end of the spectrum? There was a piece discussing the Forbes 100 richest in China and while not computing (in the report I read) to annual income, the aggregate net worth of the 100 richest people in China was $18 billion. The median (middle) person on the list was worth $110 million, while the median on the list in 1999 was $6 million. The Chinese government is concerned. The article on the report also said that those in the top tax rate are about 8.7 percent of the population and they have above 60 percent of the bank deposits in China. (Washington Post, November 1, 2001)