Top Biz News

Wages remain strong in real estate, monopolies

By Wu Jiao (China Daily)
Updated: 2007-02-07 10:31

Over-supply in the job market seems not to have affected the earnings of people working inmonopolyindustries or the real estate sector.

A report on the state of the country's wage market last year released yesterday by theBeijing-based TaiHe Consulting, a consultants' company, showed some of the big earners are in China.

According to the report, wages climbed fastest in Beijing's real estate market.

People working in the capital's property market saw their wages grow by 11.9 percent on ayear-on-yearbasis, slightly higher than their counterparts inShanghai, Shenzhen and Guangzhou.

Real estate prices in Beijing maintained a double-digit growth rate on a monthly basis last year, but market leaders have publicly denied that they were a "high-profit" industry.

Meanwhile, people employed in the power-generation, mining, and gasoline industries earned twice what their colleagues in other parts of the energy sector earned, said the report.