Beijing residents average
income reached 36,097 yuan (US$4,664) last year but six out of ten
earn less than that, according to the latest figures from the
municipal statistics bureau.
The figure is up 3,289 yuan (US$425) or roughly 10
percent on the previous year.
Statistics show that employees in securities, banking,
legal, transportation and energy exploration sectors make more than
100,000 yuan (US$12,900) a year. However, workers in the textile
and plastics industries earn less than 16,000 yuan and security
guards make only 9,000 yuan.
The US-based Hay Group, a global consultancy which has
the world's most comprehensive global pay databases, predicts China
will top world pay rises in 2007.
It predicts a 7.9 percent hike for administrative
workers, 7.8 percent for professionals and 8.9 percent for senior
management, topping the tables for each of the three job
categories.
China's State Administration
of Taxation has ordered individuals whose yearly income exceeds
120,000 yuan (US$15,500) to file an individual income declaration
before March 31.
This is the first time that the tax administration has
required high-income earners to report their earnings.
As of March 20, about 200,000 Beijing residents had
filed the declaration.
Those who fail to report by the deadline will face
fines ranging from 2,000 to 10,000 yuan and those who file false
reports will face fines of up to 50,000 yuan.
(Xinhua News Agency March 29, 2007)
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