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Beijingers Target Incomes of Nearly 20,000 Yuan (US$2419.3) by 2008

Beijingers are expected to have much more disposable money in five years, according to a development plan for the Chinese capital.

Beijing has set itself a target of an annual 6-percent increasein per capita income in the next five years, Monday's Beijing Youth Daily reports.

Calculated on this growth rate, the annual per capita income for urban residents in Beijing is expected to near 20,000 yuan by 2008 and for its farmers will be more than 8,000 yuan.

By 2008, urban Beijingers will use some 6,000 yuan of their total annual income of nearly 20,000 yuan to buy food, according to Engel's Coefficient calculations.

While making rapid economic progress in recent years, Beijing has also made great efforts to guarantee the income of retirees, raise low incomes and improve the lot of its needy citizens.

(Xinhua News Agency May 20, 2002)

China Among Countries with Wide Income Gap
Chinese Farmers' Quarterly Income Rises by 7.2 Percent
Chinese People Face New Challenge: The Income Tax
Income Gap to Be Narrowed: Premier
Farmers' Income Rises, But Not at Same Rate as City Dwellers
Beijing Upgrades Services for Low-income Residents
Zhejiang Ranks Third in Urbanites' Annual Income
Most Beijingers Satisfied in 2001
China to Further Reform Individual Income Tax
Standard of Living System to Be Bolstered
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