China raises minimum wage to support consumption
Published on Aug 5, 2014 4:11 PM
BEIJING (REUTERS) - China's cities and provinces raised minimum wages in the first half of 2014 at a rate far outstripping economic growth as the government seeks to support consumption, local media reported on Tuesday.
The average minimum wage in 16 cities and provinces, including Beijing, Shanghai, Tianjin, Chongqing, Shandong and Sichuan, grew by 14.2 per cent in the first half from a year earlier, the semi-official China News Service reported.
The average wage in Zhejiang province rose 12.5 per cent, while the economy expanded 7.4 per cent in the first half of 2014 from a year earlier. Annual inflation was 2.3 per cent in June.
Still, the average wage rise for the 17 cities and provinces was the lowest in recent years, it added.
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