The year 2023 was the first year to fully implement the guiding principles of the 20th National Congress of the Communist Party of China and a year for economic recovery and development following three years of COVID-19 prevention and control. China has taken solid strides in building a modern socialist country in all respects.
The following facts offer a glimpse into what the country has achieved in increasing households income and consumption and building social security in 2023.
- In 2023, the per capita disposable income nationwide was 39,218 yuan, an increase of 6.3 percent over that of the previous year or a real increase of 6.1 percent after deducting price factors.
- The median of per capita disposable income nationwide was 33,036 yuan, up by 5.3 percent.
- The national per capita consumption expenditure was 26,796 yuan, up by 9.2 percent over that of the previous year, or a real increase of 9.0 percent after deducting price factors.
- By the end of 2023, a total of 521.21 million people participated in the basic endowment insurance program for urban workers, an increase of 17.66 million over that by the end of 2022.
- By the end of 2023, there were altogether 44,000 social welfare institutions providing accommodation, of which 41,000 were elderly care institutions and 971 were institutions for child welfare, assistance and protection.