An report released by National Bureau of Statistics finds that Chinese employees witness average salary increase of over 9% in the year of 2014, with salary in private sectors increasing faster than non-private sectors.
According to the National Average Salary in 2014 released by the BNS, the average salary of employees surveyed was 49,969 yuan. The annual average salary of urban non-private units was 56,339 yuan, attaining year-on-year growth of 9.4 percent and growth of 7.1 percent in real terms. The annual average salary of private units was 36,390 yuan, attaining year-on-year growth of 11.3 percent and growth of 9 percent in real terms.
The data shows that the growth rate of private units’ average salary was faster than non-private units. The absolute gap continues to expand, while the relative gap has slightly narrowed. The annual average salary of urban non-private units was 19,949 yuan higher than that of private units, with the gap expanding by 1172 yuan over the previous year. However, the annual average salary of private units was 65 percent of the non-private units in 2014, an increase of 1 percent over the previous year.
In addition, the report shows finance and information technology are the highest-paying industries, while the average salary gap between different industries was still prominent last year.
This article was edited and translated from 《去年全国平均工资49969元 私营单位增速快》, source: Beijing Youth Daily, author: Zhang Qin.