Core Insights - The report from the National Bureau of Statistics indicates that rural residents' income in poverty alleviation counties has shown stable growth since the start of the 14th Five-Year Plan, with achievements in poverty alleviation being consolidated and expanded [1] Income Growth - The per capita disposable income of rural residents in poverty alleviation counties increased from 12,588 yuan in 2020 to 17,522 yuan in 2024; after adjusting for price factors, the average annual real growth from 2021 to 2024 is 7.8%, which is 0.9 percentage points higher than the national average for rural areas during the same period [1] - By 2024, the per capita disposable income of rural residents in poverty alleviation counties is expected to reach 75.8% of the national rural average, an increase of 2.3 percentage points compared to 2020, indicating a narrowing gap with the national average [1] Consumption Expenditure - The per capita consumption expenditure of rural residents in poverty alleviation counties rose from 10,758 yuan in 2020 to 15,138 yuan in 2024; after adjusting for price factors, the average annual real growth from 2021 to 2024 is 8.1% [1] - In 2024, the per capita consumption expenditure level in poverty alleviation counties is projected to reach 78.5% of the national rural average, reflecting a continuous increase in consumption levels, with stable growth in basic living expenses and rapid growth in development-oriented consumption expenditures such as transportation, communication, education, and cultural entertainment [1]

Economic Data Summary - In the first half of the year, the per capita disposable income of rural residents reached 11,936 yuan, with a nominal growth of 5.9% and a real growth of 6.2%, outpacing urban residents' income growth [5][17] - The overall employment situation remains stable, with a slight decrease in the urban survey unemployment rate, which averaged 5.2% for the first half of the year, down by 0.1 percentage points from the first quarter [20][21] - The total number of rural laborers working outside their hometowns reached 19,139 million, showing a year-on-year increase of 0.7% [6][24] Agricultural Production - The GDP for the first half of the year was 660,536 billion yuan, reflecting a year-on-year growth of 5.3% [8] - The value added in the primary industry was 31,172 billion yuan, with a year-on-year increase of 3.7% [9] - The total summer grain production was 14,974 million tons, a decrease of 150,000 tons or 0.1% compared to the previous year [10] Consumer Spending - The total retail sales of consumer goods reached 245,458 billion yuan, with a year-on-year growth of 5.0%, accelerating by 0.4 percentage points compared to the first quarter [26] - Sales of essential and some upgraded consumer goods showed strong growth, with retail sales of grain and oil, sports and entertainment products, and gold and silver jewelry increasing by 12.3%, 22.2%, and 11.3% respectively [28] Price Stability - The Consumer Price Index (CPI) decreased by 0.1% year-on-year in the first half of the year [30] - Food and tobacco prices fell by 0.3%, while clothing prices rose by 1.3% and housing prices increased by 0.1% [31] - Notably, fresh vegetable prices dropped by 5.3%, while pork prices increased by 3.8% [33]