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China Focus: China sees improving livelihood in 75 years

NAMPA / Xinhua
2024-10-07
BEIJING, Oct. 7 (Xinhua) -- Since the founding of the People's Republic of China 75 years ago, the living standards of the Chinese people have progressed from mere subsistence to moderate prosperity in all aspects. The per capita disposable income of China's residents was only 49.7 yuan (7.1 U.S. dollars) in 1949, but climbed to 39,218 yuan in 2023, an increase of 75.8 times, or an annual growth rate of 6 percent, adjusted for inflation, accor......
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