Date
16 December 2017
The average annual per capita income in China's financial sector is estimated at nearly 100,000 yuan last year. Photo: Bloomberg
The average annual per capita income in China's financial sector is estimated at nearly 100,000 yuan last year. Photo: Bloomberg

Financial sector tops in employee income in China

The financial sector was in the No. 1 spot in terms of employee wages in China in 2013, with the industry staff earning nearly four times more than the people working in the nation’s farm, livestock and fishery industries on average, Beijing News reported Wednesday.

The average annual income per capita in the financial sector was 99,659 yuan (US$16,178) last year, while that in the farm, forestry, animal husbandry and fishery industries was only 25,820 yuan, the report said, citing the National Bureau of Statistics.

Employees in the information technology and software industries trailed behind financial sector workers with an annual income of 90,926 yuan, while those in the scientific research and technology services sectors ranked the third with average income of 76,603 yuan, the report said.

The country’s average annual income in non-private sectors was 51,474 yuan last year, up 7.3 percent year-on-year on inflation-adjusted basis, while that for private sector recorded a real growth of 10.9 percent to 32,706 yuan, according to the report.

The growth rates, however, marked a slowdown of 1.7 and 3.1 percentage points respectively from the levels seen in 2012.

Su Hainan, vice chairman of the China Association for Labor Studies, was quoted as saying that the occupation-based income data, released by the NBS for the first time, will help provide quantitative analysis for income distribution reform.

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