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Citic Bank shares jump nearly 60 percent in Shanghai debut
Platform to register trust products set up
Foreign automakers to provide free labor conditions training
Property sector shows varied results in Beijing and Guangzhou
Entertainment venue boss suspected of inside trading
Small, medium-sized firms critical to Chinese economy
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Declines in oil prices and crude output hit CNOOC
World Gold Council promotes K-gold to Chinese
Beijing pirate DVD shop ordered to pay 195,000 yuan
BMW woos Chinese support for hydrogen
Record numbers crowd into Shanghai Auto Show
McKinsey: Consumers will be new powerhouse of Chinese economy
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Chinese shares close lower Friday, after hitting record high
Chinese shares surge to new high Thursday
Domestic stocks rise to record for third day
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Stocks post biggest two-day gain in 2 years
Construction of China-Myanmar oil pipeline expected to start this year
 
Urban employees' average pay up 17.8% in Q1
BEIJING, April 28 (Xinhua) -- China reported a 17.8 percent year-on-year growth in average wage for urban employees in the first quarter of this year, sources with the National Bureau of Statistics said on Saturday.


In the January-March period, urban employees' pay averaged 5,516 yuan (716 U.S. dollars), up 17.8 percent from the same period of last year.


According to the bureau's sample survey of 59,000 urban households nationwide, urban residents' per-capita disposable income stood at 3,935 yuan (511 U.S. dollars) in the first quarter, up 19.5 percent, or 16.6 percent in real term.


The urbanites' spending on consumption averaged 2,620 yuan (340U.S. dollars) per-capita, up 16.7 percent, or 13.9 percent in real term.


In a related development, the cash income of rural dwellers went up 15.2 percent, or 12.1 percent in real term, to 1,260 yuan (164 U.S. dollars) in the three-month period.


The real-term growth in urbanites' income was 5.8 percentage points higher year-on-year, while farmers' income grew 0.6 percentage points quicker.

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