Chinese Urban Workers' Pay Soared 11% to USD12,000 Last Year
Dou Shicong
/SOURCE : yicai
Chinese Urban Workers' Pay Soared 11% to USD12,000 Last Year

(Yicai Global) May 14 -- Urban workers at non-private companies in China, including collective and foreign-owned businesses, saw an annual wage gain of 11 percent last year to an average CNY82,461 (USD12,000), official figures show, with the information technology field remaining the best paid.

The rate of increase was 1 percentage point faster than in 2017, according to the National Bureau of Statistics. For staff in private firms, the increase was 8.3 percent, 1.5 point more than the previous year, to an average CNY49,575. The rate was 6.1 percent after taking inflation into account.

The highest pay went to IT workers in non-private firms who earned an average CNY147,678 each, a 10.9 percent increase, and CNY76,326 at private firms, which was an 8.4 percent gain. Finance and scientific research and technical services ranked second and third.

Emerging industries have seen swift wage growth. Research and experimental development expenses jumped 11.6 percent nationwide in 2018, contributing to wage growth in scientific research, said Meng Canwen, deputy director of the NBS' Department of Population and Employment Statistics.

New business models represented by e-commerce continue to expand at a rapid pace. Online sales of retail goods exceeded CNY7 trillion (USD1 trillion) last year, an increase of 25.4 percent, driving wage hikes in the wholesale, retail and telecoms sectors, Meng said.

People demand a higher quality of life when their wages rise, which further promotes development of the culture, sports, healthcare and recreation sectors, he added.

The NBS survey samples included 1.68 million non-private and 739,000 private employers.

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Keywords: Salaries