Urban employees enjoy 12.9% wage increase in H1

Average wage per capita for Chinese urban employees grew 12.9 percent year-on-year to 14,638 yuan ($2,150) in the first half of this year, said the National Bureau of Statistics Wednesday.

The growth rate was 5.1 percentage points lower than that in the same period last year, the bureau said.

Average wage per capita for financial industry employees in urban areas stood at 30,603 yuan in the first half, ranking the first among all urban industries' employees.

Meanwhile, information, computer service and software industry employees' average wage per capita reached 27,730 yuan, 1.9 times higher than the national average level.

Employees from scientific and technology service sector followed, with their average wage per capita approaching 23,248 yuan.

The hotel and catering, construction and water conservancy, and environment and public management sectors recorded the lowest wages, with an average annual per capita of 9,885 yuan, 10,349 yuan, and 11,666 yuan, respectively.

The average salary comprises the basic wage, bonus and all allowances and subsidies. It is often used as a reference by the government for setting salary standards and calculating social insurance premiums.

Source: BizChina