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CASS: Rural income to grow 8% in 2010

07-01-2010 08:54 BJT

The Chinese Academy of Social Sciences has recently published a report, predicting that rural residents' income will grow by more than 8 percent this year.

Currently, rural income is composed of salaries, farming profits, government subsidies and rents. Salaries account for 40 percent of the total income and its proportion is rising. The report says with increasing job opportunities, average annual salaries for rural residents could exceed 5500 yuan in 2010.

In addition, prices for agricultural products are rising, returning greater profits for farmers. But the report also says that despite the hike, the income gap between rural and urban residents will widen this year.

Editor:Xiong Qu |Source:

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