[Salary] Chinese average GDP surpass Russia for the first time

According to Russia news report, Chinese average GDP surpass Russia for the first time.

俄媒称中国人均收入首次超越俄罗斯人
http://finance.sina.com.cn/world/20150917/093623273399.shtml

考消息网9月17日报道 外媒称,2015年,俄罗斯平均月工资约为3.3万卢布(人民币约3200元),比去年明显降低。但更引人注目的观察结果是,俄罗斯人收入历史上首次少于中国人,而这个国家是人尽皆知的“劳动力源泉”。

  据俄罗斯连塔网9月15日报道,最近一年卢布对美元汇率暴跌致使俄罗斯工资急剧缩水。2014年初,俄罗斯人均月收入为900美元。2015年中期,其工资约为3.3万卢布(确切的统计数据将于年终公布),以65卢布兑1美元的中间汇率换算,这大致相当于500美元。

September 17, Russia media reported that in 2015, the average monthly wage in Russia is about 33,000 rubles (about RMB 3200 yuan), significantly lower than last year. But more striking observation is that the Russian people for the first time less than the Chinese people on income history, and is well known in this country, “a source of labor.”

Early 2014, the Russian per capita monthly income of $ 900. Mid-2015, the wages of about 33,000 rubles (the exact statistics will be released end of the year) to 65 rubles per dollar in the middle of the exchange rates, which is roughly the equivalent of $ 500.

Wages Below China Spark Russian Dreams of Manufacturing Revival

http://www.bloomberg.com

The decline in nominal salaries has probably pushed them below Chinese earnings in dollar terms, according to Renaissance Capital and Bank of America.

Russia’s July nominal wages averaged 33,980 rubles ($508), the least since March and down from last year’s average of about $839.7 in dollar terms. That’s less than in China, where salaries average $764.3, and below Mexico’s $636.6, according to Bank of America.

“If oil remains cheap and the Chinese economy continues to grow, wages in Russia may be behind China’s for a long time,” said Dmitry Dudkin, head of fixed-income research at UralSib Capital in Moscow.

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