Around Shanghai: Luxury car fights, overpacked school busses, collapsing balconies, and Yao Ming the diplomat
Shitty pay the cause of Shanghai Metro's compromised safety?
Last month's horrifying rear-end collision on the Shanghai Metro saw 284 people hospitalised and while thankfully nobody died from the incident, many questions remain unanswered.
Shanghai workers experienced lowest wage growth in a decade
In case you were curious: The average monthly wage for Shanghai workers in 2009 was 3566RMB, an increase of 8.3% from last year's 2008. While the wage still went up, however, it was the lowest average wage growth figure recorded in the last decade. By comparison, last year's wages went up from the year befores by 13.8%, and the year before that it shot up 17.4%. Guess Shanghai wages were also a victim of the recession.
China draft law sets caps on executive pay
The U.S. isn't the only country that's making incredibly super rich people cut down on their incredible super richness, China has now also set compensation caps for its State-sector financial companies. Salaries for top executives are now limited to 2.8 million yuan. Caps for pay packages will be slashed for regular executives, down to four times their annual salary (50,000 to 700,000 yuan). Oh, the humanity! Source: China Daily
Top earners in the Chinese sports world
As revealed by Qilu TV, the top three earners in the Chinese sports world ranked according to the sum of their basic annual pay, prize money, endorsement and appearance fees are Yao Ming (RMB250 million), Liu Xiang (RMB70 million) and Guo Jingjing (RMB15 million). These are followed by Sun Jihai (RMB10 million), Shao Jiayi (RMB6 million), Dong Fangzhuo (RMB4.8 million) and Zheng Zhi (RMB4.5 million).

