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A recent online survey showed that the average annual salary of white-collars across China saw a decline in the first half of 2002, while the drop in Shanghai was smaller than that in any other major cities across the country.
The survey found that the average annual salary nationwide plunged to 37,952 yuan (US$4,573) from 39,678 yuan (US$4,780) in the previous period, with a declining rate of more than 4.5 per cent, Tuesday's China Daily says.
The drop of annual average salary in major Chinese cities is a reflectin of a slump in current human resources market, the paper quotes James Zhang, president of www.chinaHR.com, which conducted the survey, as saying.
The survey revealed that the average annual salary of white-collar workers in Shanghai went down to 48,757 yuan (US$5,874) in the first half of this year.
However, the city still ranked the second highest in the nation, behind Shenzhen which had an average annual salary of 49,038 yuan(US$5,908).
The average salary in Shanghai is 1,027 yuan (US$124) less than last year's, showing a decline rate of 4.4 per cent, according to the paper.
Employees working in the telecommunications sector still enjoyed the highest average annual salary in Shanghai at 63,086 yuan (US$7,600), the survey found.
The salary survey, conducted by www.chinaHR.com, a human resources website covering China, collected data from over 30,000 white-collar workers, via the Internet, in 22 major cities including Beijing, Shanghai, Guangzhou and Shenzhen.
Over 95 per cent of those interviewed ranged from 20 to 35 years old and more than 80 per cent had college degrees or above. Of the total number interviewed, 5,535 were Shanghai employees.
(Xinhua News Agency September 25, 2002)
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