Other Briefings
Update: Minimum Wage Hikes Across China
A number of local governments have decided to raise their minimum wage levels to new 2012 standards, in an effort to put up with the national annual minimum wage growth target of 13 percent set up in China’s latest 12th Five-year Plan on employment improvement.
Minimum Wage Levels Across China
The Chinese government, as a matter of national policy, has been increasing minimum wage levels by 15 percent to 25 percent annually for the past three years. How this is manifesting itself is an interesting case study, and we offer some interesting graphics to help visualize the current situation.
China Vows to Increase Wages and Improve Employment
Op/Ed Commentary: Vivian Ni Feb. 10 – In its latest 12th Five-Year Plan on Employment Improvement (“Plan”), China says it will continue working on increasing wage levels and controlling unemployment rates. Under these new targets, enterprises operating in China may face the challenge of increasing operational costs. Minimum wage and social welfare According to the […]
Shenzhen, Beijing Raise Minimum Wage Standards
On December 31, 2011, both Shenzhen and Beijing announced their new minimum wage standards for 2012. Following the adjustment, Shenzhen’s minimum wage standard will reach RMB1,500, the highest in the whole country.
Foreign Investors Should Be Aware of Labor Strike Tactics in China
By Vivian Ni Nov. 29 – Increasing labor costs have become a major concern for foreign companies mulling whether or not to invest in China, but this may not be the only labor-related issue they should be watching out for. As the recent global economic downturn brings about falling factory orders, an abundance of young, […]
The United States: A New China Alternative?
By Vivian Ni Nov. 3 – China is gradually shifting away from its position as the world’s default production base for manufacturers. In this country, factor costs are surging and government incentives for foreign investors are diminishing, forcing more and more companies to seek new and attractive destinations where they can relocate their factories. While […]
Beijing Looks to Hike Average Wages
Jul. 26 – Beijing’s municipal government is set to release a new plan aimed at increasing average wages for the capital city’s citizens. Zhang Gong, director of the Beijing Municipal Commission of Development and Reform, said that the average wages of the city’s urban population increased 4.4 percent (after deducting price factors) in the first […]
Hong Kong Statutory Minimum Wage to Come into Force
The Minimum Wage Ordinance was passed by Hong Kong’s Legislative Counsel and will come into force on May 1, 2011. The initial statutory minimum wage rate is HK$28 per hour.
