Hey there! Guess what? China's per capita disposable income just got a boost, rising by a solid 6.1% in 2023! 🎉 But that's not all—the income in rural areas lifted out of poverty shot up by an impressive 8.4%! 🚀 Talk about leveling the playing field between urban and rural folks.
Chinese Premier Li Qiang shared this exciting news on Tuesday during his government work report at the Great Hall of the People in Beijing. 🏛️ The report was part of the second session of China's 14th National People's Congress (NPC), the big gathering where major decisions are made.
Looking back at the past year, Li highlighted how the government has been working hard to improve people's lives. We're talking about narrowing the income gap, stronger tax deductions, more people covered by basic insurance, and sprucing up old urban neighborhoods. 🏘️
Did you know that over 66 million taxpayers benefited from increased special deductions on their income tax? 💰 That includes expenses for childcare, education, and taking care of elderly family members. How cool is that?
Plus, the government doubled down on renovating old urban residential areas and developing affordable housing, helping out over 10 million households! 🏡❤️
But Li didn't shy away from the challenges. He acknowledged that these achievements weren't easy, especially with global issues like geopolitical conflicts and the lingering effects of the COVID-19 pandemic. 🌍😷 Domestically, they faced hurdles like real estate risks, local government debt, and troubles with small and medium financial institutions. Not to mention, some regions got hit hard by natural disasters like floods, typhoons, and earthquakes. 🌊🌪️🌎
Despite these obstacles, Li expressed strong hope for the future. He believes that the Chinese people have the courage, vision, and strength to overcome any difficulty or obstacle. 💪✨
So, here's to progress and brighter days ahead! 🎊
Reference(s):
cgtn.com
