3. Proportional Relations between Industrial and Agricultural Development Added value achieved by industry amounted to 27.999 69 trillion yuan in 2017, an increase of 13 percent compared to the previous year. The growth rate was 7 percentage points higher. In 2017, the added value gained by agriculture, forestry, animal husbandry and fishery amounted to 6.800 87 trillion yuan, up 4.1 percent, and the growth rate was 1.2 percentage points higher. Added value achieved by industry and agriculture continued to increase, but with a lower growth rate. The growth rate of added value in industry was higher than that of agriculture.
4. Income Gap between Urban and Rural Residents In 2017, rural residents saw a real-term rise of 7.3 percent in terms of per capita disposable income. The disposable per capita income of urban residents increased 6.5 percent in real terms. Rural residents saw their income growth outpace that of their urban counterparts by 0.8 percentage point. The income gap remained glaring between urban and rural residents. The absolute gap continued to expand to 22 964 yuan, up 1 700 yuan year on year. The income imbalance between rural and urban residents was still an outstanding problem.
5. Consumption Differences between Urban and Rural Residents Urban per capita consumer spending amounted to 24 445 yuan in 2017, up 1 366 yuan or 4.1 percent from the previous year. Rural per capita consumer spending amounted to 10 955 yuan in 2017, up 825 yuan or 6.8 percent from the previous year. The growth rate of rural residents was 2.7 percentage points higher than that of urban residents, and the ratio between urban per capita living expenditure and rural per capita living expenditure narrowed from 2.28:1 in 2015 to 2.23:1. The relative gap continued to narrow, but the absolute gap continued to widen.
6. Differences in Regional Economic Development In 2017, the proportion of agricultural added-value to the GDP in the eastern, central, western and northeastern regions continued to decline, and the gap in agricultural added-value between regions decreased. The ratio of the agricultural added-value in eastern, central, western and northeastern regions narrowed from 3.46:2.62:2.93:1 to 3.35:2.59:3:1. The gap of rural residents’ income between regions continued to expand. The ratio of the per capita disposable incomes of rural residents in the eastern, central and western regions and the Northeast widened from 1.25:0.95:0.80:1 to 1.27:0.97:0.82:1.
Note: The above information is sourced from the 2018 China Agricultural and Rural Development Report. To learn more please contact: +86 10 59194918