World Economy

China President Gets Pay Rise

China President  Gets Pay RiseChina President  Gets Pay Rise

Chinese President Xi Jinping and the other six members of the Communist Party’s elite Politburo Standing Committee have been given 62% pay rises, as civil servants get their first increases since 2006, AFP reported. Xi’s basic monthly pay will go up to 11,385 yuan ($1,832) from 7,020 yuan,  the ministry of human resources and social security said Tuesday. At the bottom of the scale, the lowest-ranked civil servants have seen their pay more than double to 1,320 yuan. Increasing numbers of officials are quitting over low compensation, a local paper said, but it pointed out that basic salaries make up just one component of civil servants’ monthly compensation.