Shenzhen: Minimum Salary Increased

by Alberto Vettoretti, South China Regional Partner, Dezan Shira & Associates

Recently, the Shenzhen Municipal Bureau of Labor and Social Security has decided to raise the minimum wage in the special economic zone to RMB 810 per month, up from RMB 690 per month (minimum salary in Shenzhen during the year 2005-2006) with effect from 1 July 2006 to 30 June 2007. The amount has been increased by over 15%. The hourly minimum salary amount has been set to RMB 4.66. For the workers in Shenzhen's two other districts - Long Gang and Bao'An, outside the designated special economic zone, the minimum salary has been raised to RMB 4.02 per hour, and RMB 700 per month, representing an increase of more than 20%.

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This article included in China Briefing Magazine

July / August 2006: Common Mistakes & Misperceptions When Investing In China - And How to Avoid Them

Other articles in this issue: Faulty or Inefficient China Business Applications by Chris Devonshire-Ellis, Senior Partner, Dezan Shira & Associates Mergers & Acquisitions: Common Mistakes When Buying a State-Owned Enterprise or Other Chinese Company by Dezan Shira & Associates, Investment Intelligence Unit, Greater China CHINA HOLDING COMPANIES REGULATIONS UPDATED by Sabrina Zhang, North China Regional Partner, Dezan Shira & Associates NEW POLICY ON LEASE AGREEMENT REGISTRATION IN SHANGHAI by Lulu Zhang, Shanghai Regional Partner, Dezan Shira & Associates