During the past decade, there has been a marked rise in the living standards of the Chinese people. The yearly growth of consumption per capita has been about 15%, and annual average growth in the savings deposit balances of residents have been over 50% since 1978. The five provinces or cities with the highest per capita consumption are Shanghai, Beijing, Tianjin, Guangdong, and Zhejiang, while the five provinces with the highest total personal consumption are Sichuan, Guangdong, Shandong, Jiangsu, and Liaoning. Since the Chinese government readjusted the allocation of resources, stimulating more consumption and less capital.
