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China income growth in 2022 fell well short of that in 2021, back at COVID (2020) levels

China income growth in 2022 fell well short of that in 2021, back at COVID (2020) levels

Data from China's National Bureau of Statistics (NBS) released earlier today:

  • Income per capita in China +2.9% in real terms in 2022
  • was +8.1% ins 2021
  • 2022 growth rate is similar to that of 2020, impacted by COVID and sweeping lockdowns and other restrictions
  • Per capita spending -0.2% real terms

Info via Reuters report on the NBS release.

This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Feb 28 2023, 03:41
Author Name: forexlive
Views: 082279

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