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