According to the Beijing Municipal Bureau of Statistics, last year, workers in Beijing averagely earned 44,715 yuan, which is 4,848 yuan more, or a 12 percent increase than that in 2007.

Statistics of the Shanghai Municipal Statistics Bureau shows that last year, workers in Shanghai averagely earned 3,292 yuan a month, which is 400 yuan more or 13.8 percent increase than that in 2007.

Beijing’s statistics bureau also showed us a picture of different salary standards in different careers. Beijing’s statistics bureau has 138,000 units, including State-owned, private, foreign-funded and joint venture companies. Among which, stockbrokers earned most salary last year. Some top executives earned more than 1 million yuan last year.

People in financing, banking, maritime transport, air transport, insurance, tobacco, radio, TV, film and audio industries, made 100,000 yuan on average last year.

People in Telecommunications, computer service, and software industries earned 80,000 to 100,000 yuan on average last year. They are just below those financial workers.

However, the industries of clothing, footwear and headgear were the poorest industries for their workers earned less than 20,000 yuan on an average.

As salaries vary in different industries, they also diverse greatly in the same industry. The most dramatic difference can be show in the securities industry, whose annual incomes varies from less than 50,000 yuan to more than 1 million yuan.

Different opinions have been aroused by this data. Lin Nan, an employee of a Beijing-based exhibition firm said, “I first thought it was impossible that people’s salaries could vary so drastically. I did not get any raise in my salary last year.”

And he believed that this survey dose not show the real status because the interviewed people are only a small group of filthy rich employees showing a jump in everyone’s salary.

A secretary general of Shanghai Human Resources Consulting Association claimed that it is the Shanghai’s introduction of more international financial professionals last year that helped raise the level of salaries.

As he said, shanghai has been trying to attracting more top talents from around the world to develop more high-end sectors like consulting, financial and technology research. The effort made on optimizing the city’s industry structure is also a factor on increasing salaries.

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China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

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After hitting the peak point of 14.15 yuan last Friday, SIPI shares ended with 13.21 yuan a share.

Approved by the shareholders of SIPI, the 1.06 billion yuan’s sale between its subsidiary and Brillance will be helpful for its core pharmaceutical business. It is said that SIPI’s subsidiary has owned 21.17% stake in Hong Kong-listed Lianhua.

In the statement, SIPI is expecting a 548 million yuan pre-tax profit from the asset sale.

Analysts said SIPI is going to invest the drug production and marketing because from which it can gain a higher profit margin than supermarket operations.

Hong Lu, an analyst with Essences Securities, said that SIPI will be able to develop faster and have more income from the sale of Lianhua.

However, the company’s developing speed will be slowed down because of the loss of income from Lianhua, which took up over half of its whole income of 13.9 billion yuan in 2007.

Jiang Weina, an analyst with Industrial Securities, thought the company can’t afford the loss. While some analysts said the loss can be evened up by its concentration on drug business.

This move is considered to be a reconstruction effort of SIPI, despite Lianhua made major profit of the company, said Li Jinlei, an analyst with Guojin Securities.

Analysts are confident that SIPI will have a good performance in its core business this year.

Meanwhile an analyst named Xu Jun from Orient Securities estimates that SIPI would earn 0.45 and 0.54 yuan per share in 2008 and 2009 separately without asset injection plan.

Xu said in a report that this long-awaited asset will make sure a great performance this year.

The company was supposed to inject assets of the Hangzhou-based Chiatai Qingchunbao into their list. However, it was paused because the approval procedures were not finished in time last September.

SIPI holds about 55% stake in Chiatai Qingchunbao, which is regarded as the 3rd largest producer of pharmaceuticals, and is famous for anti-aging tablets.

The development, production and the sale of medicines and medicine-related business make up of SIPI’s core operations. And the last one takes up 82% of its revenue.

SIPI includes 3 major pharmaceutical companies, which are Changzhou pharmaceutical, Changzhou Techpool Bio-Pharma Co and Shanghai Medical Instrument Co.

In accordance with the investment consulting firm Investoday, Changzhou Pharma, specializing in producing chemicals, raw material for Chinese medicines and formulated products, is expected to make a 20% growth in net profit for 2008, compared with 73.75 million yuan in 2007.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.