Description
China Average Wage Index for Employed Persons is compiled and published by the National Bureau of Statistics (NBS) of China. This index represents the ratio of the average wage of employed persons in the reporting period to that in the base period, reflecting changes in nominal wage levels of employees across different periods. It serves as an important indicator for assessing labor market conditions and income distribution. A higher index value generally indicates strong wage growth and an improvement in living standards, while a lower value may suggest stagnation or decline in wage levels.