Salaries and Wages

  The average yearly remuneration of staff and workers in 2007 was 34707 RMB yuan inShanghai, and the average monthly pay was 2892 RMB yuan, up17.4%. The minimum standard for monthly remuneration was 840 RMB yuan.
  The main reasons for relatively high labor cost in shanghai are (1) relatively high level of remuneration formed in the history; (2) high quality of employees and professionals; (3) high living cost; (4) relatively full-fledged social security system; (5) relatively good Profit ofenterprises. At present, a quite big part of the staff members and workers in foreign -funded enterprises inShanghaiare migrant employees, and their remunerations are not affected by above factors.