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| A photo of people counting cash [Photo: Chinanews.com] |
The limited-salary policy for the senior executives of the State-owned enterprises (SOE) under the State-owned Assets Supervision & Administration Commission has now been implemented for half a year.
The policy started in January of this year.
The policy is also planed to be applied to all the senior executives in the state owned enterprises(SOE).
Their salary will be limited to within 8,000 yuan (1,288 U.S dollars) per month, which is a 50% pay cut compared with their salary in the years before.
But the limited-salary polciy will not affect the salary level of average staff and workers at SOEs.
It is part of the salary reform for the senior executives of state-owned enterprises in China.
The reforms are aimed at addressing public discontent over some SOE officials' compensation and rewards, which are perceived as being excessive.
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