Rising labor costs in China have been setting off alarms among foreign investors, even as the Central Government exerts pressure on maintaining economic growth targets. In keeping with our annual tradition here at China Briefing, a comprehensive list of minimum wages across China for 2014 is provided.
A recent spate of complaints over the poor speed of the internet in China, especially in the commercial sector, may be generally attributed to China’s extensive firewall and the country’s relatively slow progress in upgrading its relevant infrastructure such as 4G networks. But another factor may be worth considering if your business is suffering from slow internet speeds and problems downloading data—your employees’ use of company IT facilities.
In this China Briefing exclusive interview, Miriam Wickertsheim, Director at Direct HR, discusses key recruitment considerations for enterprises operating in China’s retail space, including the impact of rising wages, opportunities in Tier Two cities and the relevance of second language skills for sales staff in the retail sector.
China’s minimum wage levels increased across most regions in the country, with monthly rates growing by more than ten percent in Shanghai and Beijing,
The social security system in China consists of five different types of insurance, plus one mandatory housing fund.
Mar. 11 – Shenzhen has raised its monthly minimum wage levels by RMB100 to RMB1,600 from March 1, 2013, while its hourly minimum wages have been adjusted from RMB13.3 to RMB14.5. This news comes after Guangdong Province recently announced wage hikes of nearly 20 percent that would have seen Guangzhou overtake Shenzhen as the city with the […]
The People’s Government of Guangdong will raise minimum wage levels across the province by an average of 19.1 percent from May 1, 2013. Detailed information can be found here.
As different parts of the country have very different living standards, China does not have a unified minimum wage level for the entire nation. Instead, the task of setting minimum wages falls on the shoulders of local governments. Each province, municipality, autonomous region, and even each district sets its own minimum wage level according to local conditions.