Trickle-Down Economics for Chinese Officials

The acceptance of a 36% pay cut by the world’s highest paid politician, Singaporean Prime Minister Lee Hsien Loong, has renewed attention to the wide disparity between world leaders’ salaries. Hu Jintao sits near the...

China Orders Pay Cuts for Bosses

Top Chinese executives have been told to cut their salaries. From BBC: Executives of state-owned banks and insurers in China have been told to cut their salaries to ease the disparity between themselves and Chinese workers. A...

China Drafts Code to Regulate Salaries

From Xinhua: The Ministry of Labor and Social Security is working on a draft regulation to encourage employers to implement salary rises, a move that is being seen as a way to lessen the effects of rising inflation. The regulation is designed to help develop a mechanism to facilitate a healthy and rational increase of […]

A Minister’s Salary, 8,000 Yuan a Month?

Chen Zhili (ÈôàËá≥Á´ã), a member of China’s State Council (ÂõΩÂä°ÂßîÂëò), said at the CPPCC that her monthly compensation, including salary and all stipends, is 10,000 yuan ($1,250), reports Singtaonet. Minister of Science and Technology, Xu Guanhua (ÂæêÂ܆Âçé), also exposed that his monthly compensation is 8,000 yuan ($1,000). China’s leaders rarely reveal their incomes. A few […]

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