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Social Life

The government has been increasing investment in infrastructure facilities to improve public services, the quality of life and social welfare.

Average Income

The annual average salary paid to employees was 50,456 yuan, up 8.0 percent over the previous year.

Consumption

The per capita annual disposable income was 32,381 yuan in 2010, up 10.7 percent over the previous year. The per capita annual living expenditure that year was 22,807 yuan, up 5.9 percent over the previous year. The Engel coefficient for urban residents was 35.5 percent.

Bank Deposits

By the end of 2010, total bank deposits by Shenzhen residents reached 671.7 billion yuan, an increase of 17.4 percent over the beginning of the year.

Employment

The government helped more than 49,000 unemployed people find jobs in 2010. The registered urban unemployment rate was 2.45 percent. Since April 1, 2011, the minimum wage has been raised to 1,320 yuan per month and 11.7 yuan per hour.

Social Security

The city has established a public health insurance system that covers almost every resident. In 2010, 10.38 million residents were included in the public health insurance system, an increase of 13.9 percent over 2010. A total of 6.91 million people bought the basic old-age pension and 2.59 million people bought unemployment insurance, up 18.4 percent and 18.1 percent respectively over the previous year.

Social Welfare

Shenzhen will take the national lead to reform the present social welfare system to build a fair network that benefits most residents.

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