Top 10 Chinese regions by Q1 disposable income

Shanghai, Beijing and Zhejiang are the top three regions in China in terms of residents' disposable income in the first quarter of the year according to Time-Weekly.com.

Shanghai ranks first with 23,489 yuan ($3,405), up 3.64 percent year-on-year, followed by Beijing and Zhejiang with 21,367 and 20,158 yuan, respectively, in the same period.

They are the only three places with disposable income surpassing 20,000 yuan in the first quarter. Twelve regions, however, surpassed 10,000 yuan in the same period.

China's per-capita disposable income stood at 10,870 yuan in the first quarter of 2023, up 5.1 percent year-on-year in nominal terms, according to data from the National Bureau of Statistics.

The disposable income of eight regions -- Shanghai, Beijing, Zhejiang, Jiangsu, Tianjin, Guangdong, Fujian and Shandong – was above the national average in Q1.

Shaaxi witnessed the fastest growth, up 6.19 percent to 8,306 yuan, surpassing Hebei and Guangxi to join the top 20 nationwide.

Let's take a look at the top 10 Chinese regions by their residents' disposable income.