# employment policy

Shanghai, Beijing and Zhejiang Pull Ahead as China’s Household Incomes Rise — But Consumption Lags

China’s national per‑capita disposable income rose 5% to 43,377 yuan in 2025, led by Shanghai, Beijing and Zhejiang, while household spending growth slowed to 4.4%. The gains are concentrated in coastal and major city provinces, and policymakers are prioritising income and job measures to revive consumption.