China's Epic Journey from Poverty to Prosperity--"People's lives notably improved"

2021-October-27 18:04 By:

China's Epic Journey from Poverty to Prosperity--

 (Produced by

Chinese people's lives have been notably improved on the country's path to moderate prosperity, according to a white paper released by China's State Council Information Office.

Personal incomes have grown steadily, with the average per capita disposable income up to 32,189 yuan (about 4,975.5 U.S. dollars) in 2020 from 171 yuan in 1978, according to the white paper titled "China's Epic Journey from Poverty to Prosperity."

Quality of life has improved, with the Engel coefficient of urban residents down from 57.5 percent in 1978 to 29.2 percent in 2020, and that of rural residents down from 67.7 percent to 32.7 percent during the period.

Subsistence-based consumption is gradually giving way to a model directed towards greater fulfillment and comfort, the white paper noted.

Consumption of services such as catering, health care, education, tourism, culture and entertainment has continued to surge, and now represents approximately half of China's per capita consumer spending, according to the white paper.(Produced by

Editor: WPY
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