Sberbank reported a fall in average wages in Russia lower than the Chinese

The average salary in Russia fell below $450 in a month, dropping below the level of the average salary in China. About this in his presentation said the chief analyst of Sberbank Mikhail Matovnikov at exit meeting of Committee on interaction with minority shareholders in St. Petersburg, reports TASS.

“Work in Russia became cheaper than in China”, quotes Agency the extract from the presentation Matovnikov.

From the comparative graphics are shown in the presentation, it follows that the average salary in Russia is $433 per month. This is less than in Serbia, Romania, China and Poland.

The document also States that the average wage in Russia has allowed a number of companies having plants in Russia to start exporting products abroad or to increase it. Among these examples, see Kirovsky Zavod Candy, which started deliveries in Europe, Australia and Japan, and the St. Petersburg plant Hyundai, which started production of cars for Egypt.

The economist noted that the growth in this direction have shown that those who invested in manufacturing in the previous years, features a competitive product, a sales network abroad and the necessary certificates. “It’s not just foreign manufacturers, the Russian company is also in the list, even though a greater flow of news actually generate the foreigners,” he said.