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    Chinese wages see double-digit growth

    2012-05-29 17:04 Xinhua    comment

    The average annual salaries of urban Chinese workers at non-private companies hit 42,452 yuan (6,717 U.S. dollars) in 2011, up 14.3 percent year on year, statistical authorities announced Tuesday.

    After taking inflation into account, wages actually grew by about 8.5 percent, according to data from the National Bureau of Statistics (NBS).

    Meanwhile, the annual salaries of workers at privately-owned businesses in urban regions grew 12.3 percent (after deducting factor of inflation) to 24,556 yuan in 2011, NBS data showed.

    The data was based on a survey of 1.48 million non-privately owned organizations and 620,000 private companies, the NBS said.

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