Subscribe free to our newsletters via your
. Space Travel News .




POLITICAL ECONOMY
China urban private sector wages up 17.1% in 2012
by Staff Writers
Beijing (AFP) May 17, 2013


China's private sector wages in urban areas grew 17.1 percent in 2012, official figures showed Friday, even as the country's economy expanded at its slowest pace in 13 years.

Average urban pay in private companies increased to 28,752 yuan ($4,681) last year, the National Bureau of Statistics (NBS) said on its website.

But the rise was slower than the 18.3 percent of the previous year, NBS data showed. Adjusted for inflation, the increase was 14.0 percent.

Chinese private sector average urban wage growth has been rising steadily in line with the country's expanding gross domestic product (GDP), with the pace of wage increases more than doubling from 2009-2010.

Beijing has repeatedly stated its intent to rebalance the economy more towards consumer demand, rather than investment and exports, but foreign businesses in China have expressed concern about rising wages.

Last year in a survey of European companies operating in China one in five said they may shift investment to other countries due to rising wages and cumbersome regulations.

China's economy last year grew at its slowest pace since 1999, with GDP expanding 7.8 percent in the face of weakness both domestically and overseas. Foreign direct investment into China also declined for the first time in three years.

According to a separate commentary on the NBS website, public sector urban wages increased 9.0 percent, adjusted for inflation, to 46,769 yuan in 2012 from the year before.

The commentary attributed China's slowing wage growth to the deceleration in economic growth last year.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China central bank 'looking into' Bloomberg scandal
Beijing (AFP) May 15, 2013
China's central bank, which manages the world's largest foreign exchange reserves, is looking into a growing scandal over the access journalists at Bloomberg News had to potentially sensitive data, reports said Wednesday. The People's Bank of China (PBoC) is the latest major financial organisation to examine the controversy involving the financial news wire, whose terminals are used by offic ... read more


POLITICAL ECONOMY
ILS Proton Successfully Launches EUTELSAT 3D for Eutelsat

Russia's Proton-M Spacecraft Set to Orbit French Satellite

ATV Albert Einstein installed on Ariane 5 launcher

ILS and EchoStar Sign Launch Contract

POLITICAL ECONOMY
Living and Dying on Mars

NASA Curiosity Rover Team Selects Second Drilling Target on Mars

Opportunity Making Smallest Turn Yet, As Dust Storm Affects Rover

More than 78,000 people apply for one-way trip to Mars

POLITICAL ECONOMY
Where on Earth did the moon's water come from

Water on moon, Earth have a common source

Northrop Grumman Completes Lunar Lander Study for Golden Spike Company

Scientists Use Laser to Find Soviet Moon Rover

POLITICAL ECONOMY
'Vulcan' wins Pluto moon name vote

Public to vote on names for Pluto moons

The PI's Perspective: The Seven-Year Itch

New Horizons Gets a New Year's Workout

POLITICAL ECONOMY
Critical Kepler Reaction Wheel Fails: Mission End In Sight

Sifting Through the Atmosphere's of Far-Off Worlds

New Method of Finding Planets Scores its First Discovery

Team Takes Part in Discovering New Planet

POLITICAL ECONOMY
Space tourism won't hurt environment: Branson

Boeing X-51A WaveRider Sets Record with Successful Fourth Flight

AFOSR-funded research key to revolutionary 'green' spacecraft propellant

Air Force's experimental scramjet aircraft hits Mach 5.1 -- 3,880 mph

POLITICAL ECONOMY
China launches communications satellite

On Course for Shenzhou 10

Yuanwang III, VI depart for space-tracking missions

Shenzhou's Shadow Crew

POLITICAL ECONOMY
Asteroid 1998 QE2 To Sail Past Earth Nine Times Larger Than Cruise Ship

NASA's Asteroid Sample Return Mission Moves into Development

Dawn On Route From Vesta to Ceres

Nine-Year-Old Names Target of UA-led NASA Mission




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement