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Urban residents’ income in Qinghai increases steadily since 2015
update:February 14,2020

Booming tourism in Qinghai has spurred the growth of the service industry. [Photo by Sun Rui]
Feb.14, 2020 -- In the past five years during China’s 13th Five-Year Plan(2016-2020), the income of urban residents in northwest China’s Qinghai province has increased steadily and their sources of income have diversified. Qinghai has also seen improved social security, upgraded residents’ consumption structure, and higher quality of people’s lives.
In 2018, urban residents in Qinghai accounted for 54.5% of the total population, up by 4.2% compared with that of 2015 The per capita disposable income of urban residents in Qinghai reached 33,830 yuan in 2019, increasing by 37.8% compared with that of 2015, with an average annual growth rate of 8.4%.
Since 2016, Qinghai provincial government has improved the wage increase mechanism,keeping the increase of minimum wage standards in line with the growth of the economy. The government has boosted employment for university graduates, veterans and migrant workers. The service industry and middle and small-sized enterprises that are conducive to employment have been supported by the government.
The social security and basic medical insurance systems in Qinghai have been enhanced. People are more willing to spend money on services like hairdressing and beauty salons, which shows that the consumption structure of urban residents has been upgraded.

By: Zhou Tianyu
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