The Political Economy of China's Financial Reforms: Finance in Late Development by Paul Bowles & Gordon White

Author:Paul Bowles & Gordon White [Bowles, Paul & White, Gordon]
Language: eng
Format: epub
Tags: History, Asia, General
ISBN: 9780813387130
Google: xwy3AAAAIAAJ
Goodreads: 1773753
Publisher: Westview Press
Published: 1993-12-20T00:00:00+00:00

TABLE 5.3 Composition of Nominal Wages for Workers in State-Owned Units, 1978-1990 (per cent)

the change in the proportions of income sources, there was also an increase in the overall level of incomes as urban workers sought to increase their share of national output and to keep pace with rising prices and rising rural incomes. The World Bank notes that "wages had been rising at low to moderate rates between 1978 and 1983, averaging just over 6 per cent p.a. with the fastest increase being at the very start of the reform movement in 1979/80" (1990a: p. 57). However, after 1983 nominal wages rose rapidly. See Table 5.4.

TABLE 5.4 Annual Average Nominal Wage Levels, 1979-1990 (yuan)

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