Chinese salary and real estate survey results 28th January 1999 Back to News Menu About the Rat Asian Business Strategy & Street Intelligence Ezine Join the APMF email list Monthly updates on new content

Despite a short-lived but dramatic world share market hiccup following a Chinese newspaper report that devaluing the yuan "may not be such a bad thing", the Chinese economy remains relatively stable compared to their Asian neighbours, while at the same time managing a massive change from a controlled to a free economy. Certainly, China continues to attract major interest from foreign investors and Asia-watchers alike, and progress continues while the leadership makes clear that they are doing it "their way" rather than being "sucked in" by US presidential visits. As reported in our news ticker a couple of days ago, it looks like free access to the Internet is far-distant, religious dissidents are continually hounded and the attitude to "recalcitrant" provinces and states like Nepal and Taiwan remain firm. Yet, a serious attempt to meet corruption head-on and to reform state run industries despite the enormous negative and state-threatening side effects continues. Reducing inefficiencies has increased unemployment, especially in the manufacturing and factory heartland where the old state run industries are being rapidly made more efficient.. This has also kept a lid on salary rises where salaries have not risen as fast as would be expected. For those looking to invest in China the following tables of Real Estate Prices and Average Salary Levels should be instructive.. Both tables are available from Surf China who provide a mass of other fee-based statistical data collected by the State Statistical Bureau of China. Average Annual Income $US Industry Average Annual Income ($US) finance, insurance 1440 real estate 1288 transportation, telecom 1171 social service 1157 research, technology 1091 education, entertainment 1086 government 1046 utility 1044 construction 1003 health, sports, charity 942 lumber 933 retail, restaurant 926 steel 916 manufacturing 910 textile 909 machinery manufacturing 908 mining 908 farming 801 others 920 Real Estate Prices: ($US per square foot) City Residential Apartment Office space Store front Beijing 39-146 50+ 50+ 47+ Shanghai 26-88 20-101 47+ 76+ Tianjing 13-72 22-95 32+ 56+ Guangzhou 19+ 22+ 26+ 55+ Shenzhen 21-47 49+ 88 31-88 Xiamen 17-62 31-63 36-88 33-50 Zhuhai 24-50 26-70 28 31-132 Dalian 18-73 37-90 50-110 28-34 Hangzhou 16-31 24+ 39-62 44-52 Chongqing 14+ 17-44 23-54 28-90

© Asia Pacific Management Forum 1999
The views expressed here may not necessarily reflect those of Orient Pacific Century or partners of the Asia Pacific Management Forum

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