A corner of Damin village in Shuangfeng township, Pan'an county in Zhejiang province. [Photo/IC]

The per capita annual income ratio of urban residents to rural residents in East China's Zhejiang province was 1.96 in 2020, according to latest statistics.

This is the first time the ratio has dropped below 2 since the province started gathering such statistics.

The per capita disposable income for Zhejiang's urban residents in 2020 was 62,699 yuan ($9,700), the highest of all provinces and autonomous regions in China. Zhejiang has had the highest per capita disposable income in China for 20 consecutive years.

Meanwhile, the per capita disposable income for Zhejiang's rural residents in 2020 was 31,930 yuan, topping all provinces and autonomous regions for the 36th year running.

Zhejiang's ever narrowing urban-rural income gap proves that the province is on a steady path towards achieving common prosperity for the citizenry.