Monday, June 30, 2008

Beijing increased minimum wage 10 percent


Beijing Municipality is going to increase its minimum wage from Rmb 730 (euro 73) to Rmb 800 (euro 80), reports Dawn on July 1, quoting the official news agency Xinhua.
The move is aimed at offsetting recent price increases in rice, vegetable oil and pork, an unnamed Beijing Municipal Civil Affairs Bureau official was quoted as saying.

Anger over rising prices has been a frequent source of social unrest in China.

A recent central bank survey found that 45 per cent of urban Chinese believe prices are currently "too high".
Beijing is still having a lower minimum wage, reports the Wage Indicator China. Shenzhen recently increased its minimum wage to Rmb 1,000 (euro 100), while Shanghai has a minimum wage of Rmb 960 (euro 96).
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