Rising Chinese incomes defy GDP slowdown

Beijing

CHINA'S economy is slowing. Yet for the person on the street, incomes are rising, jobs are secure and inflation is restrained, helping explain the government's restraint in eschewing broad-based stimulus.

Obscured among the avalanche of data accompanying Tuesday's report that China's economic growth slowed to the weakest pace since 2009 in the third quarter are income statistics. They showed a rising share of output in the world's second-largest economy is landing in the pockets of its citizens.