Xiao Fu/Shanghai Daily news
Earnings from private businesses and investments are playing an
increasingly larger part in urban residents' total income in the Yangtze River
Delta region, a new report shows.
In the first half of the year, regional
per-capita net income from private business operations jumped 45.4 percent
year-on-year to 541 yuan (US$66.79), or 6.2 percent of total income, the
Shanghai Statistics Bureau said in a report.
The analyses covered 15 cities
in the region, which encompasses Zhejiang and Jiangsu provinces and
Shanghai.
The business earnings over the first six months compared with 738
yuan, or 5.1 percent of total earnings, for all of last year, and 564 yuan and
4.5 percent for 2003.
City dwellers in Zhejiang outperformed those in
Shanghai and Jiangsu with per-capita business income of 934 yuan in
2004.
Many of the first people to become involved in private business were
from coastal cities in Zhejiang such as Wenzhou and Taizhou.
Investment
return, including earnings from securities and property sales and rentals, also
jumped, rising nearly 50 percent in 2004 from the previous year to 334 yuan per
person.
"Returns from real estate investment have become a major means for
increasing household income in the past three years, as more and more families
now own multiple apartments," the bureau said in its report.
Salary income is
still the main source of income, accounting for 66 percent of the total. Urban
wage income averaged 9,469 yuan per person in the region in 2004, up 13.9
percent from 2003.