Chinese Economics Thread

[Quan8410]

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In the first half of 2026, per capita disposable income in China increased 5.2% year-on-year. Income of rural residents increased faster than that of urban residents (6.4% vs 4.4%).

By income source, income from wages, transfers, and business operations grew by 5.3%, 5.8%, and 6.5% respectively while income from assets/property increased only 1.1%.

• Per capita income from wages increased 5.3% YoY, accounting for 57.9% of disposable income
• Per capita income from transfers increased 5.8%, accounting for 18.3% of disposable income
• Per capita income from business operations increased 6.5%, accounting for 15.8% of disposable income
• Per capita income from assets/property increased 1.1%, accounting for 8.0% of disposable income

I don't understand. Prices is not rising very much and they are already so low. Wages grow much faster. Even housing price is cheaper. But people are just so pessimistic nowadays. Seemed like customer perception just got worse and life is much harder while it should be the opposite.

 

[vincent]

I doubt It'll work long term which is something they'd actually need, as with basically everything they've tried so far as soon as it's gone, demand instantly collapses.

The voucher program in the last two years pulled demands forward. It is expected.