Average Salary in China, China income statistics from “China Statistical Yearbook 2009"

Average Salary in China, China income statistics from “China Statistical Yearbook 2009"
 
 
Nov. 11, 2009 - PRLog -- Despite the Global Financial Crisis in 2008, the pace of growth in the average salary in China and living standards has remained intact. According to the latest China Statistical Yearbook (released in Oct 2009)

According to the report, the annual growth rate of the national average salary remains at 17.23% in 2008, similar to its pre-GFC level. There are also significant growths in the average salary level in the financial industry with Beijing leading the league with a whopping 37.19% increase compare to the previous year.

The top two industries with the highest paying salary and the fastest growth in China are the Financial Industry and the IT Industry.

In 2003, the National Average Salary for the financial industry was $22,457, compare to $61,841 in 2008. Average salary in this category is increasing by 22.46% per year.

In 2003, the National Average Salary for the IT industry was $32,244, compare to $56,642 in 2008. Average salary in this category is increasing by 11.93% per year.

The fastest growing sector is the security sector in the financial industry. In 2003, it was $42,582, compare to $172,123 in 2008. Average salary in this sub category is increasing at a rate of 32.23% per year.

-------------------------------------------------------2006---------2007---------2008

National Average-------------------------------$21,001---$24,932----$29,229
Growth % compare to previous year---------------------18.72%----17.23%

National Average (Financial)----------------$39,280---$49,435----$61,841
Growth % compare to previous year---------------------25.85%----25.10%

Beijing Average---------------------------------$40,117---$46,507----$56,328
Growth % compare to previous year---------------------15.93%----21.12%

Beijing Average (Financial)-----------------$113,092---$129,082---$178,322
Growth % compare to previous year----------------------14.93%-----37.19%

*Data sourced from China Statistical Yearbook 2009

With such fast growth, it is expected average salary in the financial and IT categories are going to catch up with their peer levels in the oversea markets in the very soon coming future.

Find a good recruitment consultant that understands your needs.

I have spent a few years in Hong Kong, LA and Sydney in the past. Now I am in Shanghai as a recruitment consultant specializing in the Financial, Banking and Accounting sectors, I know how it is like to move to China for works. I love to help out people, so you are welcome to send through your resume to me. I also got colleagues who work in different sectors as well, so feel free to pass me your details at the email address below.

**All information received will be treated confidential**

ABOUT EUGENE YAO

Eugene Yao is a recruitment consultant base in Shanghai, China specializing in Accounting, Banking & Financial industries. Before coming to Shanghai, he was a freelance journalist specializing in conducting media interviews with many of the well known CEOs, CFOs and business leaders across US, Australia, HK and China. His articles can be found on Reuters 3000 Xtra, Bloomberg Professional, Dow Jones Factiva, Financial Times Global Media, Yahoo News, Google News, Baidu News and more.

Contact Eugene Yao   
Email: asaeugene@gmail.com

# # #

Eugene Yao, international financial journalist, conducts interviews regularly with listed companies’ management from around the world. His articles can be found on Thomson Reuters, Bloomberg, Financial Times, Google News and finance etc...
End
Email:***@gmail.com Email Verified
Tags:Average Salary In China, China Statistical Yearbook, Financial Industry, It Industry
Industry:Banking, Human resources
Location:China
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Page Updated Last on: Nov 18, 2009
Eugene Yao News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share