The incomes of electronic engineers in the Chinese mainland soared 16 per cent in 2001, while those in Taiwan actually fell by 18 per cent, according to a survey conducted by EE Times Asia. The survey revealed that the average Taiwanese engineer worked 52 hours a week for an annual salary of US$18,540, while his […]
Category:
A survey by the Shanghai labour authorities found that experienced technicians in the city earn incomes similar to employees in more sought-after office jobs, Xinhua reported. The best paid are those in high- and newtechnology sectors such as communications, electronics and motor vehicles, where workers can earn up to Yn100,000 a year. Technicians in some […]
Categories
Foreign investment still rising
Utilised foreign direct investment into China during the first nine months of 2002 totalled US$39.6bn, 22.5% higher than in the same period of last year, according to Ministry of Foreign Trade and Economic Cooperation figures quoted by People's Daily. Contracted investment over the period recorded a year-on-year rise of 38% to reach US$68.4bn and the […]
Categories
Increase in money supply
China's broad measure of money supply, M2, rose 16.5% year-on-year at the end of September. The increase was one percentage point higher than at end-August and reflected the central bank's attempt to stimulate demand and solve a persistent problem of deflation. M2 measures all cash in circulation in addition to money that is held in […]
Categories
Industrial output accelerates
China's industrial output rose in September by 13.8% from a year earlier. This followed a year-on-year rise of 12.7% in August and an 8.9 per cent gain for all of 2001. The National Bureau of Statistics attributed the rise to higher production of electronic goods, transport equipment and petrochemical products. The bureau also said that […]