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MANUFACTURING EMPLOYMENT AND COMPENSATION IN CHINA - page 84 / 106

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Table 8. Estimated labor compensation of manufacturing employees in China, 2002

Hourly compensation per employee

U.S. dollars

Yuan

Monthly compensation per employee

U.S. dollars

Yuan

Annual compensation per employee

U.S. dollars

Yuan

Average earnings per employee (yuan)

Average number of employees (millions)

Category of manufacturing workers

$0.57 0.95 0.94 1.47

4.73 7.87 7.76 12.17

$104 173 170 267

864 1,429 1,410 2,209

$1,252 2,071 2,043 3,202

10,363 17,152 16,920 26,511

8,186 11,152 11,001 17,237

100.61 29.98 29.26 0.72

1

Total for manufacturing urban units and TVE's .............................. Manufacturing urban units................................................ On-post urban manufacturing staff and workers............. Other urban manufacturing employment................................

0.41 0.53

3.40 4.37

75 97

623 801

904 1,161

7,481 9,611

6,927 8,899

70.62 18.98

1

Manufacturing TVE's ....................................................... Large-scale manufacturing TVE's ...................................

1

TVE's are town and village enterprises.

1

NOTES: Total labor compensation for urban workers is 1.538 times earnings and for TVE workers is 1.08 times earnings. US dollars calculated at the 2002 prevailing commercial exchange rate: 8.28 yuan = U.S.$ 1. Hourly compensation is calculated under the assumption that urban manufacturing employees perform 2,179 actual hours of work per year and that TVE workers perform 2,200 hours per year. (See text for details.)

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SOURCES: Table 1; China National Bureau of Statistics and China Ministry of Labor, compilers, China Labor Statistical Yearbook 2003 (Beijing, China Statistics Press, 2003), pp. 29, 34, 46, 169, 171, 179, 230, 249, 473; China Ministry of Agriculture, TVE Yearbook Editorial Committee, ed., China Village and Town Enterprise Yearbook 2003 [in Chinese] (Beijing, China Agriculture Publishing House, 2003), pp. 130-31.

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