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Employees' salary rises 12.6% during 2001-2005
(Xinhua)
Updated: 2006-01-15 11:16 By the end of 10th Five-Year Plan period, the
average yearly salary of employees in China has reached around 18,000 yuan
(2,250 U.S. dollars) with an annual increase of 12.6 percent, government figures
showed recently.
"The average income of Chinese workers has seen a substantial increase during
the 10th Five-Year-plan period (2001 to 2005)," said official with the Ministry
of Labor and Social Security (MLSS).
During this period, a salary distribution system based on collective
consultation has been formed, the official said, "over 400,000 companies have
established the distribution system."
Meanwhile, the macro-control system for salary distribution has formed to
guide the salary level for laborers and most parts of China have fixed the
minimum wages for workers, according to the MLSS.
"In the 11th Five-Year Program period (2006 to 2010), China will push forward
reform of distribution system and base the system on collective consultation as
the main form," the official said.
Moreover, government will improve its regulation on the state-owned
enterprises and state-holding companies to prevent the salary for workers in
monopoly industries from increasing too fast, the official
added
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