Income disparity between the rich and the poor has been long lingering in China. And one of the major factors is monopoly.
According to a recent report by the finance section of the leading Chinese website 163.com, in 2012, the average annual pay of employees from the 113 key state-owned enterprises stood at over 111,000 yuan, or about eighteen thousand US dollars.
That’s 8.2 percent higher than in 2011, and 3.8 times the average pay of employees working in urban privately-owned companies.
Source: CCTV
