Inflation drives growth in rural residents' income, impacting economic prosperity.
The study looked at how economic growth and inflation affect the income of rural residents in China. They found that economic growth has a clear impact on the growth of operating income for rural residents, but not as much on non-operating income. Inflation, on the other hand, has a significant effect on all types of income, especially non-operating income. Overall, economic growth has a stronger influence on operating income growth, while inflation has a greater impact on non-operating income growth.