Hangzhou records high in per capita disposable income

Customers purchase goods at an RT-Mart supermarket during last year's June 18 shopping promotion event in Hangzhou, Zhejiang province. [Photo provided to China Daily]

Hangzhou, capital of East China's Zhejiang province, recorded an average per capita disposable income of 54,348 yuan ($8,057), a year-on-year increase of 6.6 percent, according to the National Bureau of Statistics.

It marks the first time that the figure exceeds 50,000 yuan in Hangzhou.

Per capita disposable income for urban residents reached 61,172 yuan, up 6.3 percent year on year; while rural residents' disposable income rose 6.7 percent to 13,193 yuan.

Statistics also reveal that the gap in disposable income between urban and rural residents continues to shrink, and did so to a ratio of 1.843:1 in 2018.

Among 11 cities in Zhejiang province, Hangzhou ranked top in terms of average per capita disposable income and per capita disposable income for urban residents, while placing fourth in rural residents' disposable income.