China injection molding income situation

Real China Injection Molding Industry Revenue Exposure

From China’s income situation difficult to see Chinese private enterprises, including our plastic injection molding industry. The U.S. has 70% of the plastic molding industry to move back.  If China injection molding industry to continue to survive, to break the monopoly of state-owned enterprises is inevitable.

Chinese household financial investigation and Research Center data show that “the financial industry, utilities, real estate is the highest level of annual wage income of three industries. And other industries typically 1.9 to 2.6 times.” Investigation of the center comes from different ownership enterprises’ wages of view, state-owned enterprises. The average wage level of 54,000, only 29,000 private enterprises, state-owned enterprises is the private sector average wage level is about 1.9 times. The average wage income of foreign companies is as high as 86,000.

State-owned monopoly industry revenue far more than other private industries

“State-owned monopoly industries due to hold the telecommunications, electricity, energy, high-value resources. it was an easier profitable addition to paying state taxes. As well as considerable profit retention by allowing for the issuance of employee benefits or develop shopping malls, resorts, hotels, and other sidelines. The relative crowding together in competitive private manufacturing, consumer goods, foreign trade and other fields. Junior staff the income gap between the two conservative estimates of about 2 times.

Analysis of state-owned enterprises’ pays system is not difficult to find. In addition to employees of state enterprises’ fundamental wage income, but also includes wages of hidden income. Such as a variety of bonuses, subsidies, insurance, prepaid cards, in-kind and other benefits. Industry insiders estimate that this part of the income of employees of state enterprises accounts for about half of total revenue.

Industry income inequality affects individual income inequality

Through years of data comparison. The China Family Financial Research Center considers various sources of income as a contribution to income inequality. The wage income gap is caused by China’s current income uneven distribution. One of the main income gaps in the overall contribution rate of 40 percent. Followed by the industrial and commercial income disparities, income up 20% of households with an average income of 22,000 yuan business. The average household income of the lowest 20% Business operating income of only 200 yuan. Typically, the main source of income of low-income households or agricultural production. 20% of the lowest-income households, accounting for nearly 50% of agricultural income, wage income. And business income accounted for only 13% and 5%. This reflects the current low rate of return of agricultural production reality.

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