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ChinaScope Financial
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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Average Wage Of Private Sector Employees In China Grows 12.3% In 2011 0 comments
    May 30, 2012 10:26 PM

    Source: NBS, NBS, ChinaScope Financial (Data)

    + Data released by the National Bureau of Statistics on May 29 shows that private sector employees average wage was CNY 24,556 in 2011, up 18.3% in nominal terms, and 12.3% in real terms.

    + The average wage of public sector employees was CNY 42,452 in 2011, a 14.3% nominal increase equivalent to an 8.5% real increase.

    The average wage for public still exceeds that of private employees. The private employee average wages is, however, catching up.(click to enlarge)

    According to the CSF demographics model, China's working age population peaked in 2010, implying long term wage increases.(click to enlarge)

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