In the third quarter of 2025, China's per capita disposable income reached ¥10,669, up 5.2% year-on-year, while per capita consumption expenditure amounted to ¥7,266, a 4.7% increase from the same period last year. The synchronized growth in income and spending reflects sustained economic vitality among residents. Comparing urban and rural areas, rural residents' income growth was more pronounced, with a 6.0% year-on-year increase—exceeding urban residents' 4.5%. Meanwhile, rural consumption expenditure rose by 5.8%, significantly higher than the 3.9% growth in urban areas, indicating further release of rural consumption potential and a narrowing urban-rural gap. Analyzing income structure, wage income remains the primary source, growing by 5.4% and contributing notably. Net operating income and net transfer income both increased by 5.3%, reflecting positive support from entrepreneurship policies and social security systems. Notably, net property income grew by only 1.7%, yet its stable expansion suggests gradual diversification of asset-based income channels. Data also show that the median per capita disposable income rose by 4.5%, below the average growth rate, highlighting persistent income inequality. While overall income levels continue to rise steadily, disparities between groups and regions remain. Moving forward, optimizing income distribution mechanisms and advancing integrated urban-rural development will be essential to achieve higher-quality, more sustainable common prosperity.