Salary increases not in step with rising cost of living: Survey
By Wang Zhuoqiong | China Daily | Updated: 2007-07-11 07:03
Zhang Qi's dream to one day own an apartment looks set to remain just that.
The property he had his heart set on two years ago has since doubled in price, to 10,000 yuan ($1,320) per square meter.
Zhang earns 6,000 yuan a month and his average annual salary increase is just 6 percent. The down payment alone on the apartment is 300,000 yuan.
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