THE ECONOMIC OBSERVER
ECONOMICS | NATION | MARKET | CORPORATION | BRIEFS | SPECIAL
follow us:
           
site: HOME > > Economic > China Buzz > Media Review
Public Skeptical About Official Income Growth Figures

According to data released by provincial governments, growth in the average incomes of both urban and rural residents in all of China's 31 provincial-level regions outpaced growth in consumer prices over the past 6 months. However, in interviews conducted by a journalist from The Beijing Times, many wage-earners complain that they haven't seen their own income increase over the period. According to Sun Qunyi, a scholar whose research focuses on income, this discrepancy between official figures and public sentiment could perhaps be explained if some sections of the workforce enjoyed large pay rises, thus pulling up the average. In addition, Sun argued that most people tend not to think of annual bonuses or other benefits as part of their income, thus underestimating their own income. However, Sun also suggested that when calculating the CPI, the bureau of statistics should increase the contribution of food prices to the total basket of goods.

Source
Beijing Times

Google translation

0 comments

Comments(The views posted belong to the commentator, not representative of the EO)

username: Quick log-in

About China Buzz

The Economic Observer's editorial staff are always on the look out for interesting, fresh and high-quality China-related content. Whether it's the latest buzz on Weibo, links to insightful articles or updates on the latest books and reports, through China Buzz we'll keep you in the loop about what's going on in the world of Chinese politics and economics.

Most popular

this week
this month

Categories

E-mail subscription

Enter your e-mail address to subscribe to China Buzz and receive notifications of new posts through e-mail.