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Yao Yang Says Around 100 Million People in China Actually Pay Income Tax; Annual Income of 100,000 Yuan Places One in the Top 10% of Taxpayers

10.23 ·Reported ·Importance II ·Sources 1 ·China

Economist Yao Yang, Dean of the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, said in a video posted on "Yao Yang Shuo" that about 100 million people in China actually pay individual income tax, that an annual income of 100,000 to 120,000 yuan puts one in the top 10% by income, and that an annual income of about 300,000 yuan puts one in the top 1%. The bottom 10% of earners account for only 0.4% of all income and have negative net wealth, and around 600 million people nationwide still earn less than 1,000 yuan per month.

Douyin Blogger Pushes Back on “Student Mindset” Label, Resonating with Netizens

10.17 ·Reported ·Importance I ·Sources 1 ·China

On October 17, a Douyin blogger complained that young people are told to abandon the “student mindset” as soon as they enter society, asking why honest people should reflect on themselves after being taken advantage of, and saying that those who cheat and deceive are the ones who should truly reflect. The post struck a chord with netizens, who left comments in共鸣.

2026 National Day holiday box office of about 1.1 billion yuan hits a 12-year low

10.07 ·Reported ·Importance III ·Sources 1 ·China

According to Maoyan Professional Edition data, the box office for the 2026 National Day holiday (October 1 to 7) was about 1.1 billion yuan, lower than the 1.118 billion yuan in the same period of 2014, setting the lowest record since 2014 and only a quarter of the 4.466 billion yuan in 2019.

Xinhua and CCTV report on the National Day film market, saying its heat continues to climb

10.06 ·Reported ·Importance II ·Sources 1 ·Beijing

On October 6, Xinhua News Agency reported on the National Day film market with “Celebrating the National Birthday with Light and Shadow, New Trends Surging in the Market,” while CCTV Finance said the market’s heat continues to climb, placing the National Day box office breaking 1 billion yuan alongside the 480 billion yuan output value of the entire film industry chain.

Gansu Driver Says He Waited 7 Hours to Charge at a Highway Service Area and Didn't Dare Turn On the AC

10.03 ·Reported ·Importance II ·Sources 1 ·Longnan

On October 3, Xiaoxiang Morning News reported that a car owner from Gansu arrived at the Luotang service area on the Lanhai Expressway at 10 p.m. on September 30, and didn't manage to charge until 5 a.m. on October 1. With nighttime temperatures around 14°C, he didn't dare turn on the air conditioning, while another vehicle ran out of power and had to call a tow truck. At the Baolun service area in Sichuan, a car owner queued for 4.5 hours, charged to 75%, and then had to leave.

No Usual Evening Congestion at a Shenzhen Expressway Exit

09.30 ·Reported ·Importance II ·Sources 1 ·Shenzhen, Guangdong

A blogger said that at 20:33 on September 30, traffic was flowing smoothly at the Shenzhen passage exit and the on- and off-ramp bridges, adding that this spot often saw long-lasting congestion in previous years.

Average per-capita travel spending during the 2025 Golden Week fell to 911.04 yuan, a three-year low

09.29 ·Reported ·Importance II ·Sources 1 ·China

According to a Reuters report on September 29, against the backdrop of weak consumer demand, deflationary pressure and a sluggish property market, average travel spending per trip during the 2025 Golden Week was 911.04 yuan, dropping to its lowest level in three years; the survey said only 5% of surveyed travelers planned to stay in luxury hotels, with tourists paying more attention to value for money.

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