According to the newspaper, this information was publicized recently by the State-owned Assets Supervision and Administration Commission of the State Council, a special commission created in the 2000s which is responsible for managing the country's considerable state-owned enterprises.
Meyzhi Jinji sinven noted that the average income level among state company managers averages between 500,000 and 700,000 yuan ($71,850-$100,500). There are 40 top executives with salaries of over 800,000 yuan, and 15 with incomes of over 1 million yuan. At the same time, there are even reported to be managers with incomes as low as 40,000 yuan (about $5,750). It is unclear whether the salaries include extras such as stock options, benefits or bonuses.
For comparison, the chairman of the board of the private Shenzhen-based building materials company Fangda Group, Jian Xiong, was reported to have earned 20.2 million yuan (about $2.9 million US).
China's State-owned Assets Supervision and Administration Commission oversees more than one hundred companies. These companies include China's National Nuclear Corporation (responsible for all aspects of the country's civilian and military nuclear programs), as well as major aerospace, shipbuilding, rail, electronics, petrochemical, electrical power, telecommunications, construction, pharmaceuticals, and other industries.
