MemberFebruary 16, 2022 at 10:01 AM
The two pie charts illustrate how much households spend their money on necessary goods in China, percentage wise in the years 1995 and 2011.
Overall, in the year 1995, food was the significant sector where households spent the highest share of their earnings. The least spending was made on medicine as well as on household goods. In 2011, people started spending a little more on household goods and medicine but started cutting their expenditure on food and on clothing.
Spending on medicine accounted for 4% of the budget of households in 1995 but increased to 11% in 2011. Some how, there was a slight growth of 3% on household goods from 9% to 11% during the period of 15 years.
Further, food remained the highest sector in terms of spending but it went down from 68% to 59% , about a 9% difference in the spending . People also cut their spending on clothing but a little less i.e, from 19% to 18% , just a 1% cut .