Wide wealth gap despite average salary rises

China Daily
Date: 2015-06-17
By Zhu Qiwen

A man rides in front of a Bank of China branch in Fuzhou, Fujian province, July 10, 2013. [Photo/IC]

The hullabaloo from Chinese Internet users about newly published salary statistics is fairly predictable as only the average numbers are given without giving the median.

Latest figures show that Beijing tops the list of salaries among the 20 provinces and municipal cities that have recently published their income statistics, with average annual pay of 77,560 yuan ($12,510) in 2014.

More eye-catching is that the average annual salary of urban public employees in Beijing exceeded the threshold of 100,000 yuan for the first time last year, symbolizing the fruits of China’s remarkable economic growth over more than three decades.

However, many netizens claim they have been misrepresented by the average salary levels, and suggest the statistics have either been deliberately inflated or they have been left behind as incomes have risen across the country.

Given that the majority of Chinese netizens are younger workers, it is perhaps not that surprising that many of them earn a salary less than the average.

Nevertheless, while their complaints about the higher than expected average salaries may be misplaced, their worries about the country’s income inequality may well be justified given the absent median numbers.     [FULL  STORY]


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