MemberMay 10, 2022 at 10:11 AM
The above pie charts show data relating to the household share of spending on essential items in China from 1995 to 2011, These categories are calculated in percentages.
Overall, data from the chart depicts that food was the major expense in the years 1995 and 2011 followed by clothing and household goods. Medicine were not in such a priority in both the years respectively.
Both of the top two categories food and clothing observed a gradual downtrend during this 16-year timeline, food dipped significantly bad from 68% to 59% in 2011, whereas clothing went down 1% going from 19% to 18%.
Clearly, through both the time periods we see a major chunk of the spending, almost two-thirds is taken by food. In conclusion, money spent by people on medicine jumped by a 7% rise between 1995 to 2011, while household goods made a moderate change and increased from 9% to 12% through the years.