Top 10 Chinese cities by consumption expenditures per capita
2020-10-12
Shanghai tops 35 major Chinese cities in consumption expenditures per capita in 2019, with 45,605 yuan ($6781.46) spent, followed by the three other first-tier cities of Shenzhen, Beijing and Guangzhou. Seventeen cities have personally spent over 30,000 yuan on average, and most of them are from economically developed coastal regions in the east, according to financial media Yicai.com.
The consumption capability of Shanghai has seen rapid growth year-on-year, with its expenditures per capita up 5.2 percent from 2018.
The residents' expenditures in Shenzhen and Beijing both exceeded 43,000 yuan in 2019, and Guangzhou ranked fourth with 41,999 yuan personally spent on average. As Yicai.com analyzed, the southern city's catering industry remains vigorous, and local residents generate the highest dining expenses per capita in China for many consecutive years.
Hangzhou, the Chinese e-commerce hub and headquarters of fin-tech heavyweight Alibaba, took fifth place in terms of consumption expenditures per capita among 35 Chinese cities. Driven by the robust digital economy, Hangzhou's personal consumption expenses hit 40,016 yuan in 2019.
Changsha, the only central city on the top 10 list, ranked ninth with consumption expenditures per capita hitting 36,158 yuan.
Cai Fang, vice-president of the Chinese Academy of Social Science, said on a forum of Chinese new urbanization held in Tsinghua University, that improving the consumption level of rural residents turned out to have the biggest potential to boost Chinese economic growth, as about 40 percent of rural residents accounted for only 22 percent of household consumption, Yicai.com reported.
Let's see the top 10 cities in China by residential expenses per capita.
No 10 Dongguan
Consumption expenditures per capita: 35,730 yuan
Workers work in a factory in Dongguan, Guangdong province, on Feb 12, 2020. [Photo/Sipa]
No 9 Changsha
Consumption expenditures per capita: 36,158 yuan
A couple watch heart-shaped traffic lights at a commercial street in Changsha, Hunan province, on Aug 25, 2020. [Photo/Xinhua]
No 8 Xiamen
Consumption expenditures per capita: 36,809 yuan
People walk around the Yundang Lake in Xiamen, Fujian province, on Sept 9, 2020. [Photo/Xinhua]
No 7 Foshan
Consumption expenditures per capita: 37,160 yuan
Cooks make cuisine at the food culture week in Foshan, Guangdong province, on Nov 1, 2019. [Photo/Xinhua]
No 6 Zhuhai
Consumption expenditures per capita: 38,212 yuan
Visitors experience VR sets at the 12th China International Aviation and Aerospace Exhibition (Airshow China) in Zhuhai, Guangdong province, on Nov 10, 2018. [Photo/Xinhua]
No 5 Hangzhou
Consumption expenditures per capita: 40,016 yuan
Tourists view lanterns at a temple fair in Longmen ancient town of Hangzhou, Zhejiang province, on Sept 29, 2020. [Photo/Xinhua]
No 4 Guangzhou
Consumption expenditures per capita: 41,999 yuan
Network anchors present the goods to be sold during a live video stream in Baiyun district of Guangzhou, Guangdong province, on June 6, 2020. [Photo/Xinhua]
No 3 Beijing
Consumption expenditures per capita: 43,038 yuan
People visit the Beijing Ancient Architecture Museum in Beijing, on Oct 2, 2020. [Photo/Xinhua]
No 2 Shenzhen
Consumption expenditures per capita: 43,113 yuan
Tourists take photos at a park in Shenzhen, Guangdong province, on Oct 2, 2020. [Photo/Xinhua]
